Back to homepage

Tag "Central Board of Indirect Taxes and Customs"

Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 cr turnover

Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 cr turnover

🕔17:28, 26.Sep 2022

New Delhi, Sep 26 (IANS) Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry. As of now, businesses with turnover

Read Full Article
FINANCE MINISTER APPLAUDES NBCC DURING KENDRIYA GST PARISAR INAUGURATION

FINANCE MINISTER APPLAUDES NBCC DURING KENDRIYA GST PARISAR INAUGURATION

🕔12:03, 19.Sep 2022

New  Delhi, Sept 19: Union Finance and Corporate Affairs MinisterNirmala Sitharaman inaugurated Kendriya GST Parisar, a residential project for officers and staff of CGST Mumbai Zone under the Central Board of Indirect Taxes and Customs (CBIC), at Kharghar, Navi Mumbai

Read Full Article
Aircraft operators to share info on int’l travellers with NCTC

Aircraft operators to share info on int’l travellers with NCTC

🕔18:57, 9.Aug 2022

Aircraft operators will have to share travel-related information about passengers who are going to travel in and out of India at least 24 hours before their flight departure time. The information will be shared with the Central Board of Indirect

Read Full Article
‘SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters’

‘SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters’

🕔18:15, 21.Jul 2021

New Delhi, July 21  The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions,

Read Full Article
Covid Response Plan for quick clearance of vax at airports

Covid Response Plan for quick clearance of vax at airports

🕔15:47, 17.Jul 2021

New Delhi, July 17  Recognizing that efficient and expeditious release of temperature-sensitive vaccines would be a critical requirement in the collective fight against the COVID-19 pandemic, the Central Board of Indirect Taxes and Customs (CBIC) has proactively put in place

Read Full Article
Taxmen to honour honest taxpayers for valuable contribution in GST success

Taxmen to honour honest taxpayers for valuable contribution in GST success

🕔08:15, 1.Jul 2021

New Delhi, July 01  The Central Board of Indirect Taxes and Customs (CBIC) will honour taxpayers who have been a part of the GST success story on the eve of completion of four years of indirect tax reforms. The board

Read Full Article
CBIC extends eligibility of AEO to facilitate exporters

CBIC extends eligibility of AEO to facilitate exporters

🕔19:36, 27.May 2021

New Delhi, May 27  The Central Board of Indirect Taxes and Customs (CBIC) has further eased compliance measures for exporters by extending the validity of the Authorized Economic Operator (AEO) giving them more time to renew their accreditation. Accordingly, in

Read Full Article
CBIC allows undertakings in lieu of bond to facilitate critical imports

CBIC allows undertakings in lieu of bond to facilitate critical imports

🕔20:13, 8.May 2021

New Delhi, May 8  In yet another measure to facilitate traders and importers, the Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade to provide an undertaking in lieu of bond for customs clearance of

Read Full Article
CBIC assigns nodal officers in each zone to facilitate Covid related imports

CBIC assigns nodal officers in each zone to facilitate Covid related imports

🕔06:51, 6.May 2021

New Delhi, May 6  In order to facilitate quick clearance of imports of COVID-19 related equipment or medicaments, the Central Board of Indirect Taxes and Customs (CBIC) has assigned nodal officers in each zone to handle such cases. The officers

Read Full Article
GST return verification through OTP allowed

GST return verification through OTP allowed

🕔20:31, 27.Apr 2021

New Delhi, April 27  The government has provided relief to GST taxpayers from a physical visit to tax office for verification of digital signature required on return forms. The Central Board of Indirect Taxes and Customs has allowed taxpayers to

Read Full Article
CBIC sets up helpdesk to expedite Covid related imports

CBIC sets up helpdesk to expedite Covid related imports

🕔19:23, 26.Apr 2021

New Delhi, April 26  The Central Board of Indirect Taxes and Customs (CBIC) has set up a dedicated helpdesk to handle queries related to Covid related imports and handhold the trade, industry and individuals for expeditious customs clearance. This is

Read Full Article
Businesses not ready with GST e-invoicing get 30-day grace period

Businesses not ready with GST e-invoicing get 30-day grace period

🕔08:50, 1.Oct 2020

New Delhi, Oct 1  The Central Board of Indirect Taxes and Customs (CBIC) has announced a 30 day grace period for those businesses which are not yet ready for GST e-invoicing which comes into effect from Thursday, October 1. In

Read Full Article
CBIC to roll out pan-India faceless assessment for imports by Oct 31

CBIC to roll out pan-India faceless assessment for imports by Oct 31

🕔07:49, 7.Sep 2020

New Delhi, Sep 7  The Central Board of Indirect Taxes and Customs (CBIC) will roll out faceless assessment for all imports across India by October 31. The roll out will be done in a phased manner, said a CBIC circular.

Read Full Article
Govt sets out to decriminalise GST laws

Govt sets out to decriminalise GST laws

🕔18:30, 29.Aug 2020

New Delhi, Aug. Aug 29  After company law, the government has now set out to decriminalise various offences under the GST laws to improve ease of doing business and ensure better compliance. As part of the changes being considered by

Read Full Article
Facility of deferred payment of customs duty extended to PSUs

Facility of deferred payment of customs duty extended to PSUs

🕔07:51, 26.Aug 2020

New Delhi, Aug 26  In an attempt to facilitate faster clearance of imported goods, the Central Board of Indirect Taxes and Customs has extended the facility of deferred payment of customs to public sector undertakings (PSUs). Under the new norms,

Read Full Article
CBIC, CBDT sign MoU for bilateral data exchange

CBIC, CBDT sign MoU for bilateral data exchange

🕔07:20, 22.Jul 2020

New Delhi, July 22  The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday signed a Memorandum of Understanding (MoU), for data exchange between the two organisations. The MoU was signed

Read Full Article
Fully faceless indirect tax admin starts at CBIC with e-Office’s launch

Fully faceless indirect tax admin starts at CBIC with e-Office’s launch

🕔20:12, 15.Jun 2020

New Delhi, June 15  The CGST and Customs offices across India will soon go completely faceless and paperless with the launch of e-Office application by the Central Board of Indirect Taxes and Customs (CBIC). The e-office application will begin functioning

Read Full Article
Rules issued for Sabka Vishwas scheme to curb legacy cases

Rules issued for Sabka Vishwas scheme to curb legacy cases

🕔11:26, 23.Aug 2019

New Delhi, Aug 23  The Central Board of Indirect Taxes and Customs (CBIC) on Thursday issued rules for Sabka Vishwas (Legacy Dispute Resolution) Scheme announced in the Union Budget to curb the pending litigations under the erstwhile indirect tax regime. Under

Read Full Article
Pranab K. Das new CBIC Chairman

Pranab K. Das new CBIC Chairman

🕔11:27, 18.Dec 2018

New Delhi, Dec 18  Senior bureaucrat Pranab Kumar Das has been appointed as Chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes, an official order said on Monday. Das, Special Secretary

Read Full Article
94% of GST refund claims settled: Government

94% of GST refund claims settled: Government

🕔10:02, 4.Dec 2018

New Delhi, Dec 4  The government on Monday said nearly 94 per cent of the total GST refund claims of Rs 97,202 crore has been settled by the Central Board of Indirect Taxes and Customs (CBIC) and the state authorities.

Read Full Article