CBEC chairperson lodges police complaint over fake FB account

CBEC chairperson Vanaja N Sarna has provided screenshots of the fake account to the police and said the imposter had posted her pictures taken from Google.

Deadline for claiming transitional credit extended, April-June GSTR-1 dates notified

"This extension is expected to bring substantial relief to traders who were struggling with system issues for filing the said form," EY Partner Abhishek Jain said.


Rs 65,000 crore GST credit: CBEC scans high-value claims

The Central Board of Excise and Customs (CBEC), the body which deals with formulation and implementation of policy concerning the levy and collection of indirect taxes, in a letter dated September 11 has asked tax officials to verify GST transitional credit claims of over Rs 1 crore made by 162 entities.

Jewellery excise: Lahiri panel to look into issue of compliance

A month after announcing the constitution of a sub-committee under the High Level Committee to look into imposition of excise duty on jewellery, the government announced the names of its representatives for the committee.

Assessable value: After CBEC notice to Maruti, automakers seek FinMin help

Industry body SIAM to meet ministry officials on Monday to press its case.

Rankings spur tax collection: Ahmedabad, Bengaluru top 2

The ranking of zones have been done on parameters including recovery of past arrears, audit recovery, anti-evasion recovery, scrutiny of returns and detailed manual scrutiny.


CBEC revises monetary limits for crackdown against tax evaders

As per the revised limits, in cases of evasion of tax or wrongful utilisation of input tax credit in excise, the limit has been raised to Rs 1 crore from Rs 25 lakh while in the service tax it has been raised to Rs one crore from Rs 10 lakh.

CBEC to officials: Kill delays, deliver quality judgment

Acknowledges not passing orders in time earned it the wrath of various courts, appellate authorities.

Removal of CVD could work in India’s favour: Arvind Subramanian

Effectiveness of protectionist measure open to debate: CEA

Fiscal targets likely to be met: FM

Finance minister said, the government is working on addressing two major concerns -- quick decision making and stability in policy matters.