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CBIC PRICE MONITORING
Petrol, diesel rates to be reviewed every 15 days, government saysFuel prices will now be reviewed every two weeks. This move comes as global crude oil prices surge due to the West Asia conflict. The gover...- Govt launches ₹497-crore RELIEF scheme as West Asia crisis disrupts exportsThe Indian government has launched the RELIEF scheme with Rs 497 crore to aid exporters impacted by West Asia conflict disruptions. This in...
- Centre mulls insurance support for exporters dealing with ongoing West Asia crisis: Piyush GoyalThe Indian government is exploring new insurance schemes to aid exporters impacted by the West Asia crisis. An inter-ministerial group is a...
- Govt says 55,813 cases of GST evasion worth Rs 1.6 lakh cr detected in last 3 years 7 monthsOver 55,000 GST evasion cases totaling Rs 1.6 lakh crore were detected in the last three years and seven months, involving fake invoicing a...
- GST 2.0 lapses: FMCG products spark blame game between companies & distributorsFMCG companies and distributors are blaming each other for lapses in passing GST benefits to consumers, particularly on smaller packs. The ...
- Govt puts e-comm platforms on radar for GST rate cut benefit complianceGovernment scrutinizes e-commerce platforms to ensure GST rate cut benefits reach consumers. Authorities monitor pricing compliance followi...
- Govt flags ‘dark patterns’ in GST pricing; 3,000 consumer complaints loggedThe National Consumer Helpline has received 3,000 GST-related complaints since tax reductions, which are being forwarded to CBIC for action...
- Non-reduction of prices post GST cut? Consumers can file complaints via toll-free number, WhatsAppThe government has urged consumers to report instances where businesses aren't passing on the benefits of the recent GST rate cuts. Effecti...
- GST 2.0 turns Navratri into a big shopping dayIndia witnessed a buying frenzy after the implementation of Goods and Services Tax 2.0. Automobile sales soared, with Maruti Suzuki, Hyunda...
- GST 2.0: Centre monitoring whether e-commerce platforms are passing on tax benefits to consumersThe Centre is closely monitoring e-commerce platforms to ensure that the recent GST rate cuts on FMCG items are being passed on to consumer...
- CBIC asks staff to track prices before, after GST cutThe CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from...
- After cut in GST, CBIC orders price tracking of 54 itemsThe Central Board of Indirect Customs and Taxes will monitor price changes. This follows the Goods and Services Tax rate rationalisation. T...
- GST relief: Companies asked to share revised prices of consumer durables, cars with consumersThe central government directs businesses to submit tentative price lists following the Goods and Services Tax reduction. These lists, cove...
- GST Diwali Dhamaka has a catch, but govt is watchingThe government is closely monitoring businesses to ensure that the recent GST rate cuts reach consumers, especially during the festive seas...
- New guidelines to curb GST registration related harassment, to help in timely resolution of grievances of taxpayersGST registration: The govt said: "It is noted that varied practices are being followed by the officers in respect of verification of docume...
- India to withdraw windfall tax if oil prices fall $40 a barrelThe tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to...
- GST investigation wing directs field units to take quick action in pending cases, issue show cause notices where neededThe wing, under the Central Board of Indirect Taxes and Customs (CBIC), has directed principal chief commissioners or chief commissioners t...
- Govt eases norms for import of 12 lakh tonne GM soya cakeThe relaxation comes after clarification and prior permission from the environment ministry that since soya de-oiled and crushed (DOC) cake...
- Government notifies Rs 12,450 cr incentive scheme for exports, more schemes in pipelineThe rates for different sectors range between 0.3-4.3% under the incentive scheme that aims to refund exporters duties and taxes such as VA...
- National Anti-Profiteering Authority moves to make sure consumers gain from GST cutsAt its last meeting on July 23, the GST Council cut rates on paints, washing machines, TVs below a certain size and refrigerators among oth...
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