Stay updated
During the recent review of the performance of the Central Board of Indirect Taxes & Customs (CBIC), Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman had given directions to roll out an Automated Return Scrutiny Module for GST…
Businesses will have to more careful while filing returns as the automated scrutiny system for the goods and services tax (GST) is about to use advanced artificial intelligence and data analytics to monitor mismatches. Expected to be rolled out over…
The Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.
The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax credits of amount pegged at Rs 1000 crore. CBIC officials are analysing documents of…
The Central Board of Indirect Taxes and Customs (CBIC) has booked as many as 106 cases of tax evasion involving a sum of ₹7,581.8 crore against various insurance companies in the past five years, and the Income Tax department has…
The Central Board of Indirect Taxes and Customs (CBIC) is considering allowing the e-filling of petitions from aggrieved taxpayers as the setting up of GST Appellate Tribunals (GSTAT) may take another 10 months despite a green signal by the GST…
The GST audits undertaken by the indirect tax administration in the current financial year have led to the detection of ₹22,000 crore tax evasion from nearly 48,000 cases so far, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek…
The Central Board of Indirect Taxes and Customs (CBIC) will use the data of electric meters and property tax to increase the base of goods and services tax (GST), said Vivek Johri, CBIC Chairman. When GST was implemented, there was…
Beefing up the taxpayer roll is the next big task for the Central Board of Indirect Taxes and Customs (CBIC), said the chairman of the body that’s helped stabilize revenue collections and take measures to decriminalize violations essential ingredients of…
A committee of central and state officers that reviews Goods and Services Tax (GST) rates will look into suggestions for tax rate cut on cement for the GST Council’s consideration, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek…