Central Board Of Excise And Customs

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.

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

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

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

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%

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

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

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.

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.