Central Board Of Indirect Taxes And Customs

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

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

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

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

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.

Amnesty scheme for legacy service tax, excise duty cases to open on 1 September; to be operational for four months

More than Rs 3.75 lakh crore is blocked in service tax and excise litigations

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

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

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

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