Wed, Oct 25, 2023
Revenue Secretary and the CBIC Chairman will destroy 80 lakh foreign sticks worth Rs 10.06 crores.
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Sun, Aug 06, 2023
Extensive use of big data analytics, introduction of faceless assessment in Customs and electronic filing of various documents, claims and payment of taxes have made this organisational restructuring a necessity, an official said.
Fri, Jun 09, 2023
Vivek Johri said that on the trade facilitation front, even though they have made very significant progress, more needs to be done.
Sat, Apr 29, 2023
In a review meeting of the CBIC, Nirmala Sitharaman directed the board to intensify its drive against fake billing and input tax credit.
Sun, Apr 16, 2023
Currently, Central Board of Indirect Taxes and Customs (CBIC) manually notifies exchange rates of 22 currencies every fortnight -- 1st and 3rd Thursday of a month -- based of rates obtained from the State Bank of India (SBI). The rate notified comes into effect from midnight of the following day.
Wed, Apr 12, 2023
After the members of the export-import trade complained of difficulties in making duty payments via ECL in the automated system, CBIC last week said that no interest would be charged on customs duty paid through ECL till April 10.
Thu, Apr 06, 2023
An upgraded Customs duty payments system was launched by the Central Board of Indirect Taxes and Customs (CBIC) on April 1. However, members of trade complained of difficulties in making duty payments over the customs automated system.
Thu, Oct 20, 2022
The finance ministry is working to integrate the Customs systems with other regulatory agencies to ensure faster clearances of export consignments, a senior official said on Thursday.
Fri, Sep 02, 2022
GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the Finance Ministry has said.
Thu, Jul 14, 2022
The framework keeps in view the need for uniformity of action by customs that brings certainty for the trade. It also addresses a unique requirement of the e-commerce ecosystem for re-import of rejects in certain cases to the prescribed extent, it said
Fri, Jul 01, 2022
What does CBIC Chairman, Vivek Johri have to say on the completion of 5 years of GST? Watch an exclusive conversation with CBIC Chairman, Vivek Johri.
Thu, Apr 21, 2022
Dhanlaxmi Bank on Thursday said it has signed a memorandum of understanding with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for collection of taxes.
Thu, Apr 14, 2022
"Every eligible business must follow the steps given above strictly to avoid penal consequences."
Thu, Mar 03, 2022
The CBIC on Thursday cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.
Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure.
Fri, Feb 25, 2022
Goods and Services Tax (GST) taxpayers whose Aggregate Annual Turnover for FY 2020-21 is more than Rs 5 crore must file their annual return in form GSTR-9 along with self-certified reconciliation statement in GSTR-9C before February 28, 2022.
Fri, Feb 11, 2022
Anti-Smuggling Day launch event was organized by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy).
Wed, Jan 12, 2022
The last date for filing GSTR returns who are under QRMP scheme is tomorrow, January 13, 2022 for October to December 2021 period.
Thu, Dec 30, 2021
The government has extended the deadline for businesses to file GST annual returns for 2020-21 fiscal ended March 2021 by two months till February 28.
Sat, Dec 04, 2021
Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to take every case to logical conclusion expeditiously, so that it can deter perpetrators of economic crime like smuggling
Wed, Nov 10, 2021
The GST taxpayers must note that there are some important updates for them. The last date for filing GST returns under various categories is today, November 10, 2021 and tomorrow, November 11, 2021.
Mon, Oct 18, 2021
It must be noted that today, October 18, 2021, is the last date for filing the self-assessed tax for the July to September quarter 2021.
Thu, Oct 14, 2021
The Central Board of Direct Taxes on October 13 notified 'Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021', prescribing the forms and conditions for the declaration to be filed by the company for settling its case
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