Central Board-of-indirect-taxes-and-customs

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Central Board-of-indirect-taxes-and-customs - Total results - 17
Coronavirus Outbreak: Businesses can claim GST refund for cancellation of services, goods contract
Business

Coronavirus Outbreak: Businesses can claim GST refund for cancellation of services, goods contract

With aviation and hospitality sectors seeing mass cancellation of bookings following Covid-19 outbreak, the CBIC has allowed businesses to claim refund of GST in cases where invoice was generated but was subsequently cancelled

Coronavirus Outbreak: CBIC launches e-gate passes to expedite import clearance process
Business

Coronavirus Outbreak: CBIC launches e-gate passes to expedite import clearance process

The revenue department has launched electronic delivery of gate passes and final bills of entry to customs brokers and importers with an aim to further simplify the import clearance process by reducing human interface and help tackle the scourge of Covid-19

GST fraud: Over 1,200 exporters untraceable, govt saves Rs 350 cr fake IGST refunds; involvement of customs brokers suspected
Business

GST fraud: Over 1,200 exporters untraceable, govt saves Rs 350 cr fake IGST refunds; involvement of customs brokers suspected

Central Board of Indirect Taxes and Customs has obligated customs brokers under their licensing conditions to independently verifying the KYC of exporters.

CBIC asks DGFT to tighten accreditation process of star exporters for curbing tax fraud
Business

CBIC asks DGFT to tighten accreditation process of star exporters for curbing tax fraud

The Central Board of Indirect Taxes and Customs (CBIC) has asked the Directorate General of Foreign Trade to make the accreditation system for star exporters more robust to curb tax fraud

Govt extends last date for Sabka Vishwas scheme till 15 January for settling disputes of service tax, central excise
Business

Govt extends last date for Sabka Vishwas scheme till 15 January for settling disputes of service tax, central excise

The Finance Ministry on Tuesday extended the 'Sabka Vishwas Scheme', a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, by 15 days till 15 January

PMO issues strict guidelines for weeding out corrupt bureaucrats; over 1,000 disciplinary records being scrutinised
India

PMO issues strict guidelines for weeding out corrupt bureaucrats; over 1,000 disciplinary records being scrutinised

After reviewing ongoing action against corrupt bureaucrats, the Prime Minister Office (PMO) has decided that Central government departments must examine and submit a list of deadwood and dishonest officers every few months to increase trust and transparency in the system

Govt sacks 22 senior tax officers for graft: CBIC says action taken in public interest due to corruption charges following CBI probe
India

Govt sacks 22 senior tax officers for graft: CBIC says action taken in public interest due to corruption charges following CBI probe

The CBIC said the action on Monday was taken in the public interest due to corruption charges and a probe by the CBI against corrupt officers.

Centre compulsorily retires 15 senior indirect tax and custom officials over corruption charges
India

Centre compulsorily retires 15 senior indirect tax and custom officials over corruption charges

The retirement of the officers of the Central Board of Indirect Taxes and Customs has been ordered under Rule 56 (j) of the General Financial Rules of Central Government Services.

Draft bill proposes 10-year non-bailable jail term for dealing in cryptocurrency
News & Analysis

Draft bill proposes 10-year non-bailable jail term for dealing in cryptocurrency

The government also appears to be working on its own digital currency named 'Digital Rupee'.

Home buyers to pay 12% GST on balance due if completion certificate issued by 31 March: CBIC
Business

Home buyers to pay 12% GST on balance due if completion certificate issued by 31 March: CBIC

Homebuyers will have to pay 12 percent GST on balance amount due to the builder if the housing project has been granted completion certificate by 31 March, 2019, the CBIC has said

Govt detects Rs 20,000-cr GST evasion during April-February FY'19; will take more steps to check frauds
Business

Govt detects Rs 20,000-cr GST evasion during April-February FY'19; will take more steps to check frauds

The earlier GST rate on under-construction apartments and affordable housing was 12 percent and eight per cent with ITC, respectively.

Govt waives late fees for GST returns during July 2017-Sept 2018, but biz will have to pay for 15-month period by March 2019
Business

Govt waives late fees for GST returns during July 2017-Sept 2018, but biz will have to pay for 15-month period by March 2019

The fee for late filing of the returns is Rs 25 per day for Central GST (CGST) and an equal amount under State GST (SGST).

GST evasion worth Rs 12,000 cr detected in 8 months till November, says official
Business

GST evasion worth Rs 12,000 cr detected in 8 months till November, says official

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.

States, union territories to reach out to traders, industry bodies to list out GST grievances
Business

States, union territories to reach out to traders, industry bodies to list out GST grievances

GST Council secretariat has been tasked to compile the suggestions and responses and send to the CBIC, which is the apex body for Indirect taxes in the country, by Friday

GST at one: Govt pleasantly surprised by political class rallying behind tax regime; admits technology let it down initially
Business

GST at one: Govt pleasantly surprised by political class rallying behind tax regime; admits technology let it down initially

Adhia went on to say that natural gas and aviation turbine fuel (ATF) might come under the GST in near future.

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