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The Comptroller and Auditor General (CAG) on Monday recommended that the indirect tax department should complete the verification of transitional credit allowed under the GST mechanism. As part of transition to GST with effect from July 1, 2017, taxpayers were…
A proposal for a completely paperless customs compliance framework for special economic zones (SEZs) is being reviewed by the Central Board of Indirect Taxes and Customs (CBIC), said officials. The framework will be in sync with new legislation proposed by…
Authorisation under clause (c) of sub-rule (4) of rule 96 of the Central Goods and Services Tax Rules, 2017
The Central Board of Indirect Taxes and Customs (CBIC) will soon come out with a detailed standard operating procedure (SOP) for serving summons and notices under the goods and services tax (GST) regime, to prevent harassment of businesses. Officials told…
India could consider a significant shift in the Goods and Services Tax (GST) including a jurisdiction-free regime as part of the next set of reforms for the five-year-old indirect tax system. New Delhi, which raised the import duty on gold…
CBIC issued SOP v1.1 for implementation of Govt. notification prohibiting import of mobile phones with duplicate, fake and non-genuine International Mobile Equipment Identity. The CBIC vide Instruction No.12/2022-Customs dated July 07, 2022 has issued Standard Operating Procedure (“SOP”) (Version 1.1)…
CBIC published a booklet on ‘5 years of GST’ with following content :- Background Challenges & Solution A unique model The journey till 1st July, 2017 GST Council – The Journey since the launch of GST GST: The balance between…
The Central Board of Indirect Taxes and Customs (CBIC) is working on an SoP for enforcement actions by GST field offices and is profiling taxpayers by using artificial intelligence and machine learning, its chief Vivek Johri said on Friday. Speaking at…
RBI Governor Shri Shaktikanta Das to give Opening Lecture on “Indian Businesses (Past, Present and Future)” As part of celebrations of “ICONIC Week”, Central Board of Indirect Taxes & Customs (CBIC) is launching “E-Lecture Series by Eminent Personalities” tomorrow. The…
The Central Bureau of Investigation (CBI) arrested two Central GST officials in a bribery case of Rs 50,000 on Friday. Superintendent Mahesh Nesarikar and Inspector Amit Kumar Mishra belonged to the Central GST in Jaisingpur in Kolhapur district in Maharashtra.…