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The Central Board of Indirect Taxes and Customs (CBIC) has asked its field formations to not initiate recovery within three months of serving a tax notice, asking them to strike a balance between the interest of the revenue and ease of doing business.
The Central Board of Indirect Taxes and Customs issued Instruction No. 14/2024 dated 17.05.2024 on E-waste (Management) Rules, 2022
The Central Board of Indirect Taxes and Customs (CBIC) issued Instruction No. 13/2024- Customs regarding the undertaking from the producers (who includes the importer) of the base oil or lubrication oil for clearance of consignment.
Punjab and Haryana High Court stays CBIC Circular dated 27.10.2023, to the extent it clarifies that corporate guarantee (CG) provided by a company to a bank/ financial institutions providing credit facilities to the other company, where both companies are related, even when made without any consideration, is to be treated as a supply of service between related parties as per provisions of Schedule I of CGST Act, 2017.
The Central Board of Indirect Taxes & Customs issued an Instruction No. 11/2024-Customs dated 01.05.2024 regarding verification of authenticity and genuineness of Certificate of Origin (CoO) issued by UAE Authority.
Notification No. 07/2024 – Central Tax dated 08.04.2024 is issued by CBIC waiving of interest to the class of registered person who were required to furnish GSTR-3B but could not file the same due to technical reason.
In a welcome move, the Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines to its Goods and Services Tax (GST) filed formations for maintaining ease of doing business while engaging in investigation with regular taxpayers.
CBIC issued an Instruction No. 01/2023-24-GST (Inv.) dated 30.03.2024 providing guidelines for CGST filed formations in maintaining ease of doing business while engaging in investigation with regular taxpayers.
CBIC has approved a detailed standard operating procedure for officials of the Directorate General of GST Intelligence (DGGI) with specific instructions
Central Board of Indirect Taxes & Customs (CBIC) issued a Letter vide F. No. 401/118/2016-Cus. III (Pt.) dated 28.03.2024 informing that all field formations of Customs under CBIC shall remain open on 29.03.2024, 30.03.2024 & 31.03.2024. F.No.401/118/2016-Cus.III (Pt.)Government of IndiaMinistry…