Cbec

Takes a dim view of deliberate slowdown in filing for re-examination in revenue matters

Govt hikes customs duty on wheat to 30% to curb cheaper imports

The import duty on walnut shell has also been increased from 30 percent to 100 percent, according to a late night notification issued by the Central Board of Excise and Customs (CBEC).

CBEC sanctions Rs 12,700-crore GST refund claims

The Central Board of Excise and Customs had organised refund facilitation camps in field offices between March 15-31 to assist exporters in filling up refund claim forms and correct errors.

CBEC renamed as CBIC; twitter handle updated

The apex indirect tax authority also updated its twitter handle to 'cbic_india' from the earlier 'cbec_india'.

CBEC member holds meeting with exporters on GST refunds

In a meeting that lasted over an hour, CBEC Member P K Das and other officials asked export associations, including EEPC, to approach the CBEC camps in field offices, which the indirect tax body has organised to facilitate the refund process.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

This verification is to be completed by June and a status report has to be given to the Central Board of Excise and Customs (CBEC) by July 10. One-third of the remaining claims of 50,000 taxpayers will be verified in three phases -- July-September, October-December and January-March (2019).

Government to soon finalise anti-profiteering guidelines: CBEC

According to a member of CBEC, 15 states have already agreed for smooth implementation of intra-state movement along with the interstate movement of goods via e-way bills from February 1.

PPMAI seeks clarification, modification from CBEC

As per the CBEC circular, imported goods procured under in-bond transfer would be subjected to double taxation, first under IGST Act, 2017.

Exporters file over 10,000 applications for GST refunds

The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.

Exporters can manually file GST refund claims: CBEC

Now exporters of services who paid IGST and those making zero rated supplies to SEZ units as well as those merchant exporters who want to claim refunds for input credit can approach their jurisdictional commissioner with their refund form.

Reach out to non-filers of GST returns: CBEC to fields offices

The Central Board of Excise and Customs (CBEC) has shared the zone-wise data of businesses under the Goods and Services Tax (GST) with regional commissioners to handhold them in case they are facing difficulty while filing returns under the new indirect tax regime.

CBEC doesn't plan to revise its Rs 9.68 trillion revenue collection target yet: Vanaja Sarna

The Central Board of Excise and Customs’ (CBEC) revenue collection target of Rs 9.68 trillion from customs and the Goods & Services Tax (GST) is looking difficult due to the recent roll of GST.

Exporters to get GST refund in bank a/c filed with customs

The Central Board of Excise and Customs (CBEC) said it has asked exporters to align their bank account details declared to the customs with that of GST regime.

5,000 cos under scanner for claiming more than Rs 1 crore in GST refunds

Out of the Rs 95,000 cr GST revenues in July, more than two third of the amount is up for refund as input tax credit

GST Council may finalise e-way rules, fix anomalies tomorrow

The Council, headed by Finance Minister Arun Jaitley, will also review at its meeting the implementation of the new Goods and Services Tax (GST) regime since July 1 and may finalise a mechanism to operationalise anti-profiteering provision to protect consumer interest.

Subdued demand may force relook at GST composition scheme

A senior government official said the Central Board of Excise and Customs (CBEC) is trying to ascertain the reasons for businesses not opting for the Composition Scheme that was especially designed to ease compliance burden of small traders.

GST Council may take up certain tax issues at August meet

Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna also said the department is keeping track of revenue trends post the GST rollout from July 1, but actual positions will be known after returns are filed in September.

Taxmen to go slow on GST enforcement for 6 months

Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna said there will be genuine errors due to lack of understanding in the initial days.

EXCLUSIVE: GST's challenge for the govt is to ensure consumers are not cheated, says CBEC Chief

Govt concerned about people's ease, in terms of pricing, bills that they will be getting, and consumers knowing what they are paying

July 1 to be observed as GST Day: CBEC

While the rollout day of July 1 will be known as 'GST Day', all the offices of the Central Board of Excise and Customs (CBEC) have been instructed to be open on Saturday as a trade facilitation measure.

Sales from SEZs to domestic market to attract IGST from July 1

An SEZ area is considered to be a foreign territory for trade operations and duties, and is mainly set up for promoting export.

GST rollout: Government notifies 18 sections, 2 rules

All the notifications would be effective from June 22.

Govt starts GST awareness drive for consumers

The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower tax of 5 per cent.

GST rate for gold will be deeply discussed on June 3 by the Council: CBEC

The GST Council would likely be focusing on the items that have been left out than re-look or review rates that have already been announced, said Vanaja N Sarna, Chairperson, CBEC.

Tax officials get battle-ready as countdown to GST begins

CBEC chief personally monitoring preparedness; about 400 trade awareness, technical training and GST outreach programmes for tax officials across the country in the next four weeks to ensure a glitch-free rollout