Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are falseThe CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming...
CBIC debunks social media claims of delay in grating GST registrationCBIC refuted social media claims of GST registration delays and corruption, clarifying that the applicant hadn't provided necessary details...
Set up mechanism for grievance redressal in registration applications: CBIC to central GST officersThe CBIC has directed central GST officers to establish a grievance redressal mechanism for GST registration applications, requiring monthl...
CBIC notifies rules for GST tribunalThe Central Board of Indirect Taxes & Customs (CBIC) has issued detailed rules for the GST Appellate Tribunal, effective April 24, specifyi...
No GST on penal charges levied by banks, NBFCs: CBICGST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being d...
Got a GST violation notice? Check the notice as it can be fraudulent notice as wellCBIC warns taxpayers about fraudulent GST summons issued by impostors. Taxpayers should verify documents' authenticity through the CBIC web...
Papad, irrespective of shape, is exempt from GST, says Central Board of Indirect Taxes & Customs"Papad, by whatever name known, is exempt from GST vide Entry No. 96 of GST notification No.2/2017-CT(R). This entry does not distinguish b...
CBIC starts special drive to clear pending GST refund claims by month-endIn an instruction to all Principal Commissioners of Central Tax formations, the CBIC said there is a need to focus on timely disposal of al...
Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash“... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in ...
Salaries paid to company directors not to attract GST: CBIC"The part of director's remuneration that are declared as 'salaries' in the books of a company and subjected to TDS under Section 192 of th...
CBIC clears Rs 11,052 cr GST refund claims since April 8Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief durin...
GST Analytics wing to identify risky suppliers to exportersLast year, the CBIC had detected several cases of firms availing credit fraudulently through refund of Integrated Goods and Services Tax on...
CBIC clears Rs 10,700 cr GST, customs duty refund in 16 daysIn the 'Special Refund and Drawback Disposal Drive', the CBIC officers have cleared over 1.07 lakh Goods and Services Tax and IGST refund c...
High value cars, jewellery to become cheaper as TCS to be excluded in computing GSTThe CBIC in a circular said that the TCS amount would be excluded from the value of goods while computing the Goods and Services Tax (GST) ...
NAA's directive on audit of e-comm cos stuck over jurisdiction issueDG Audit can only audit those e-com companies which are registered with the Centre. Those who are registered with states, the state tax off...
CBEC to be renamed CBIC by AprilThe official said since the CBR Act provides for constitution of separate boards of revenue for direct taxes and excise and customs, the na...