Central Board-of-excise-and-customs

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Central Board-of-excise-and-customs - Total results - 32
CAG expresses concern over uncleared cargo containing hazardous material lying at inland container depots
Business

CAG expresses concern over uncleared cargo containing hazardous material lying at inland container depots

In a report tabled in Parliament on Tuesday, the CAG has asked the revenue department to develop a reporting mechanism to independently monitor uncleared cargo/container.

Why did BJP oppose GST for five years?': P Chidambaram slams govt for calling tax regime a 'celebration of honesty'
India

Why did BJP oppose GST for five years?': P Chidambaram slams govt for calling tax regime a 'celebration of honesty'

P Chidambaram mocks the BJP govt for calling the Goods and Services Tax regime, which completes a year, 'celebration of victory'. The senior Congress leader asked the govt whether it knew that millions of traders and exporters were affected.

CBEC to verify GST transitional credit claims of 50,000 taxpayers, to start with more than Rs 25 lakh claims
Business

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.

Donald Trump is angry with India over import duty: A look at how India imposes custom charges on bikes and automobiles
Business

Donald Trump is angry with India over import duty: A look at how India imposes custom charges on bikes and automobiles

Donald Trump was not satisfied with the the Indian government's decision to reduce custom duty and asked that it should be reciprocal

Hostel mess facility to attract 5% GST without input tax credit, clarifies finance ministry
Business

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
Business

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.

Govt collects Rs 65,000 cr GST, over 36 lakh businesses file returns so far
Business

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

Banks to pay 3% Integrated GST on gold imports: CBEC
Business

Banks to pay 3% Integrated GST on gold imports: CBEC

Under GST, "3 percent Integrated-GST is payable on all imports of precious metals in addition to the basic customs duty. IGST paid can be taken as input tax credit by the banks."

GSTN chairman refutes claims of data mix-up or overlapping on the GST portal
News & Analysis

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, revenue intelligence get new chiefs; will handle smuggling, black money issues
India

GST, revenue intelligence get new chiefs; will handle smuggling, black money issues

Senior bureaucrat John Joseph has been appointed Director General of Goods and Services Tax Intelligence (DG GST I), as per an official order.

GST launch: Tax rate on construction sector hiked to 18% from 12%
Business

GST launch: Tax rate on construction sector hiked to 18% from 12%

Construction of complex, building, civil structure, including a complex or building intended for sale to a buyer, wholly or partly, will attract a GST rate of 18 percent

Mobile operators face 10% Customs duty on 4G equipment import
Business

Mobile operators face 10% Customs duty on 4G equipment import

The decision to impose import duty would come as a blow to the telecom sector as they have to shell out hundreds of crores in import duty for the import they have already made.

Ahead of PAN-India GST rollout, CBEC set to become Central Board of Indirect Taxes and Customs
Business

Ahead of PAN-India GST rollout, CBEC set to become Central Board of Indirect Taxes and Customs

The CBEC has got government approval to reorganise the existing Central Excise and Service Tax field formations according to the requirements of the pan-India GST regime

Challenges threatening GST rollout including filing of 37 returns instead of the current 13
News & Analysis

Challenges threatening GST rollout including filing of 37 returns instead of the current 13

A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from 1 July.

GST rates: Govt starts media awareness drive for common man to prevent being fleeced by traders
Business

GST rates: Govt starts media awareness drive for common man to prevent being fleeced by traders

The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower tax of 5 percent.

Govt redesigning export benefit scheme to make it GST-compliant, says official
Business

Govt redesigning export benefit scheme to make it GST-compliant, says official

The government is re-designing the export benefit scheme MEIS to make it GST-compliant, says Neeraj Prasad

Govt extends service tax return filing date to 30 April
Business

Govt extends service tax return filing date to 30 April

Every registered service tax assessee has to file service tax return in form ST-3 on a half-yearly basis before the due date to avoid penalty.

Tax officers, staff protest against GST, say its structure may lead to 'utmost' chaos
Business

Tax officers, staff protest against GST, say its structure may lead to 'utmost' chaos

The associations said they believe in Constitutional methods of protests only to make their voices heard and to draw the attention of decision makers.

GST: 70,000 tax officials warns of non-cooperation movement
Business

GST: 70,000 tax officials warns of non-cooperation movement

The associations said that their members are "highly disappointed" and feel "cheated" over the decisions taken by Finance Minister Arun Jaitley-led GST Council in its meeting on January 16.

Demonetisation: NRIs filling currency forms at the airport is craziest idea ever
Business

Demonetisation: NRIs filling currency forms at the airport is craziest idea ever

Of all the absurd rules and regulations that have come out of this demonetisation exercise, the one on Monday about compelling NRIs to fill currency forms at the airport must rank unequivocally in first place