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CBIC has published an Instruction no. 22/2023-Customs dated 06.07.2023 for providing, “Standard Operating Procedure for stepping up of Preventive Vigilance Mechanism by the jurisdictional CBIC field formations and to prevent flow of suspicious cash, illicit liquor, drugs/narcotics, freebies and smuggled goods during elections-reg.”
In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek Johri Chairman CBIC discusses the report submitted by the Group of Ministers (GoM) on the removal of exemptions and the inverted duty structure. The majority of these decisions have…
In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek, Johri Chairman CBIC discusses the major sector currently outside the scope of GST includes petroleum products and alcohol. The revenue position from SGST (State Goods and Services Tax) has…
SAMVAAD with taxpayers has been the key since the launch of the Goods and Services Tax (GST) on July 1, 2017, In a review meeting with the Central Board of Indirect Taxes and Customs (CBIC) on April 29, finance minister…
FM asked tax officers to strengthen the GST registration process further by using technology during a review meeting on fake registration and billing.
The Goods and Services Tax (GST) council is likely to consider penal measures against the entities involved in the fake GST invoice racket to check evasion at its meeting on 11th July.
CBIC Chairman said in an interview that 50,000 fresh cases will be taken up for the GST Audit in the current financial year.
The government is working on pre-filled consolidated GST return forms on the lines of Annual Information Statement (AIS) feature used by the Income tax department, which will allow taxpayers to view all their transaction details and e-invoices to arrive at…
The central government’s rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees getting notices in cases where there are data mismatches between different types of tax returns, said experts. The finance ministry…
Thousands of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions without any underlying goods and services for availing of input tax credit (ITC) are under the scanner of tax authorities. Goods and services tax…