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The CBIC is mulling a comprehensive restructuring of the organisation, set up 6 decades ago, to make it more effective and remove overlapping, if any, as many of its functions have undergone transformation following introduction of new technologies, abolition of…
The government has appointed Shri Sanjay Kumar Agarwal, IRS (C&IT:1988) as chairman of the CentraI Board of Indirect Taxes and Customs (CBIC). Shri Sanjay Kumar Agarwal is an Indian Revenue Service Officer of the 1988 batch and previously served as…
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 33/2023- Central Tax New Delhi, the 31st July, 2023 G.S.R. 576(E).—In exercise of the powers conferred by section 158A of the Central Goods and Services…
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 31/2023- Central Tax New Delhi, the 31st July, 2023 G.S.R. 574(E).—In pursuance of the powers conferred by sub-rule (4B) of rule 8 of the Central…
CBIC issued notification no. 31 to 35 – Central Tax dated 31.07.2023 & 1 /2023 – Integrated Tax dated 31.97.2023
The Central Board of Indirect Taxes and Customs has published the GST Audit Manual which provides the list of documents required to conduct audit, timelines for audit and other standard formats. The Union government will set up an online audit…
All India Central Excise Inspector Association Lucknow Circle, Lucknow wrote a letter to The Secretary, Department of Revenue, Ministry of Finance, New Delhi & The Chairman, Central Board of Indirect Taxes & Customs, New Delhi on 25.07.2023 as below –…
Goods and services tax (GST) authorities will attempt to recover the tax demands made to a few online gaming platforms, including Gameskraft Technologies Pvt. Ltd only after the Supreme Court (SC) gives its final verdict on the tax dispute, Central…
Vivek Johri has indicated that any potential changes to Goods and Services Tax (GST) rates will require careful consideration and may need to be implemented gradually. The chairman of the Central Board of Indirect Taxes and Customs (CBIC), in an…
The Central Board of Indirect Taxes and Customs (CBIC) has found that nearly 25 percent of suspected Goods and Services Tax accounts do not exist or have vanished after availing benefits of around Rs 15,000 crore. The evasion and fake…