Cbec
Cbec News

Aryan Khan was in 'conscious possession' of drugs: Breaking down the much-debated NDPS Act
NDPS Act dispenses with 'dishonest intention' and Section 35 directs the court to presume the existence of a culpable mental state for all the offences under the Act

Modi's 'corruption-mukt Bharat' still a distant dream: Bureaucratic hurdles derail timely action against dishonest babus
Four years into Narendra Modi's rule, bureaucratic manoeuvres continue to derail the corruption clean-up drive as far as tainted babus are concerned.

CBEC to verify GST transitional credit claims of 50,000 taxpayers, to start with more than Rs 25 lakh claims
GST mop up was Rs 93,590 crore in July, Rs 93,029 crore in August, Rs 95,132 crore in September and Rs 85,931 crore in October.

E-Way Bill roll-out: Traders now have more time to prepare for new system
E-way bills are electronic way bills generated for movement of goods whether or not supply.

Assocham urges govt to reissue 10% customs duty on paper imports from ASEAN nations to cushion local industry
Current demand for paper and paperboards in Indian market in 14.4 mtps constitutes about 3.6 percent of global demand

Govt to soon finalise anti-profiteering rules, working to remove glitches in e-way bills process: CBEC
Official says under GST 15 states have already agreed for smooth implementation of intra-state movement of goods via e-way bills from 1 February

Real estate may come under GST from 1 April; changes in land law likely in Budget session, says expert
The Council is expected to bring the real estate sector under GST with an aim to enhance transparency in property transactions

Hostel mess facility to attract 5% GST without input tax credit, clarifies finance ministry
The Central Board of Excise and Customs (CBEC) has issued the clarification in view of queries regarding the tax liability and the rate of Goods and Services Tax (GST) leviable on services provided by a college hostel mess

Over 17,500 tax evaders in net as I-T authorities launch massive crackdown after roll-out of GST
Uttar Pradesh emerged as the top state with maximum number, more than 50 percent of total figure, of tax evaders under the GST regime.

GST: Exporters claim Rs 6,500 cr refund for July-Oct, says finance ministry
The govt has taken various measures to alleviate the difficulty of exporters and is fully committed to provide speedy disbursal of refunds due to them, finance ministry said.

GST rate revision: CBEC asks consumer goods companies to immediately revise MRP on products
GST rate was reduced on 178 items including detergents, shampoos and beauty products, from 28 percent to 18 percent from 15 November.

GST: Raise number of businesses in tax net to 3 crore, govt tells taxmen
Currently 20 lakh new registrations have happened taking the total tally of GST registrations to over 92 lakh

Govt collects Rs 65,000 cr GST, over 36 lakh businesses file returns so far
While 72 lakh assessees of the old indirect tax regime have migrated to the GST Network portal, nearly 50 lakh have completed the migration process

GST 18% on food parcels from AC hotels: Why govt directive is a pain for both customers, businesses
Those sauntering into the AC rooms know full well that they are going to be fleeced both by the restaurant and by the tax authorities

GST: 18% will be charged on food takeaway from non-AC area at AC restaurants, clarifies govt
The new GST regime, which was rolled out from 1 July, provides for levy of 12 percent on food bill in non-AC restaurants.

GST Council may finalise e-way rules, fix anomalies tomorrow
GST Council may finalise a mechanism to operationalise anti-profiteering provision to protect consumer interest

Next GST Council meet may review rates on textiles, hybrid cars: CBEC
The industry has been opposing 43 percent GST on hybrid cars -- 15 percent cess over the 28 per cent GST rate.

GSTN chairman refutes claims of data mix-up or overlapping on the GST portal
The Mumbai division of the Central Board of Excise and Customs (CBEC) had received complaints from certain taxpayers that the GST portal is mixing up their data with others.

GST rates not to be revised unless there is anomaly: CBEC Chairperson Vanaja Sarna
GST was rolled out on 1 July and has four tier tax slab of 5, 12, 18 and 28 percent.

GST: Taxmen to go slow on enforcement for 6 months as there will be genuine errors, says CBEC
CBEC chief admitted the GST implementation has not been glitch free and said second round of FAQs with further clarifications will be published soon