Central Board Of Indirect Taxes And Customs

GST Council unlikely to discuss online gaming, appellate tribunal tomorrow

The GST Council has suggested decriminalising three separate offences, including tampering with tangible evidence, during their most recent meeting.

GST not payable on house rented to proprietor for residential purpose: CBIC

However, the proprietor would though be liable to pay GST on reverse charge mechanism (RCM) basis at 18 per cent in case such accommodation is being used for his proprietary concern.

Kerala opposes 5% GST on pre-packed, labelled food items: Minister tells Assembly

Kerala, in the GST Council meetings, has taken a consistent stand that the earlier higher tax on luxury items should be brought back and there should not be any taxes which affect the common man. However, no decision has been taken regarding that, he said.

CBIC generates Rs 1,67,540 crore revenue in April: Official

Revenue Secretary Tarun Bajaj after inaugurating SANKALP — an annual conference of principal chief commissioners, principal director generals of Goods and Services Tax and Customs, on Thursday praised CBIC for doing an exemplary work during the COVID-19 pandemic period.

Central excise and service tax officers association seeks timely promotions, writes to MoS Personnel

The Central Board of Indirect Taxes and Customs (CBIC) in 2015 finalised the recruitment rules of executive assistants without taking comments of stakeholders, that is the employees concerned, the association said.

Ice cream parlours to attract 18% and cloud kitchens 5% GST: CBIC

The circular now provides that since ice cream parlours sell already manufactured ice cream, they do not have character of a restaurant and accordingly, would attract GST rate of 18 percent (with ITC).

CBIC asks taxmen to complete GST evasion investigations within a year

In an instruction to field formations, the CBIC has also asked GST officers to speed up investigation and issue show-cause notices in evasion cases, so that enough time is left with adjudicating authority to pass orders.

CBIC directs officers to take steps for easing availability of containers for exporters

Federation of Indian Export Organisations (FIEO) DG Ajay Sahai said that about 20,000 containers are still stuck up with custodian (Ports/ CONCOR/ CWC) as these have been either detained by agencies or abandoned by the importers.

CBIC starts special drive to clear pending GST refund claims by month-end

The CBIC also asked taxmen to ensure that communication with taxpayers is done through the GST portal, or if need be, through email using the official email ID of the officer.

Govt slashes IGST on oxygen concentrators for personal use to 12%

The government had last month waived customs duty on import of medical grade oxygen, oxygen concentrator and related equipment.

FinMin relaxes COVID-relief material import norms for Indian Red Cross

In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27.

MSMEs, small dealers not to be affected by mandatory 1% cash GST payment rule

The sources added that the rule would help to control use of fake invoices by fraudsters who avail and pass on ITC to dummy, fake and dormant entities which show high turnovers, but have no financial credibility, and flee after issuing fake invoices and misusing ITC.

Govt extends deadline for completing GST anti-profiteering probe till March 2021

Under the GST law, a National Anti-Profiteering Authority (NAA) and a Standing Committee on anti-profiteering have been set up to examine complaints of not passing on tax rate cut benefits to consumers. GST was rolled out on July 1, 2017.

Customs to roll out pan-India faceless assessment for all imports by October 31

Faceless assessment enables an assessing officer, who is physically located in a particular jurisdiction, to assess a Bill of Entry pertaining to imports made at a different Customs station, whenever such a Bill of Entry has been assigned to him through an automated system.