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Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually presided over the handing-over ceremony of the antiquities seized by Customs to the Archaeological Survey of India (ASI) conducted by the Central Board of Indirect Taxes and Customs (CBIC),…
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) of the North East Region (NER), via virtual mode in New Delhi today. With these remote LCS getting EDI-enabled,…
The growth in indirect tax collections is “intricately linked” to nominal GDP growth, so the buoyancy of 1.1 in GST mop-up in the next financial year is “realistic,” Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal…
The Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal Friday said tighter norms for filing returns under the goods and services tax will reduce enforcement action and improve compliance while making the life of honest taxpayers easier.…
The Central Board of Indirect Taxes and Customs (CBIC) today celebrated the International Customs Day- 2024 in New Delhi. This year, the World Customs Organisation (WCO) has dedicated the International Customs Day to the theme of ‘Customs engaging traditional and…
The spate of GST-demand notices on Indian companies – in instances where overseas staff have been deputed to India, followed by an increase in litigation and industry representation – has left to CBIC sounding a word of caution to its field…
In significant relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has said officers should be more mindful in raising demand in secondment cases and should not apply the Supreme Court ruling in the Northern Operating Systems…
In the case related to seeking permission for filing revised return under GST regime, respondents Union finance ministry, GST Council of India and Central Board of Indirect Taxes and Customs (CBIC) failed to file the reply within the stipulated 30…
Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman gave a virtual address on the occasion of Bhoomi Pooja and Foundation Stone laying ceremony of GST Bhavan, Tirupati CGST Commissionerate, today. The new GST Bhawan reflects the Central Government’s commitment…
The Hon’ble Supreme Court in the case of Principal Commissioner of Customs v. Rajendra Prasad Tak & Ors [Civil Appeal Nos. 6432-6433 of 2023 dated October 30, 2023] reinforces the primacy of the waterfall mechanism under the Insolvency and Bankruptcy…