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Friday, Dec 09, 2022

CBIC

CBIC NEWS

Customs Act offences: Guidelines for legal proceedings revised

August 18, 2022 2:09 am

The guidelines, dated August 16, specify that Rs 50 lakh would be the monetary threshold in case of baggage and outright smuggling, while it will be Rs 2 crore for commercial fraud.

Customs to airlines: Give details of foreign travellers for ‘risk analysis’

August 10, 2022 12:54 pm

Airline officials said the move creates a standardised process of passenger data sharing with the Customs department, given that non-standard requests for passenger data could potentially lead to privacy infringements.

Govt notifies procedural changes in GST rules

July 06, 2022 2:39 pm

Businesses with aggregate annual turnover of up to Rs 2 crore in the fiscal ended March 31, 2022 are exempt from filing annual returns for 2021-22, as per the amended rules. Businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.

Sitharaman raps CBDT and CBIC for not addressing tax assessees grievances

March 08, 2022 7:41 am

Even before the officials responded, Sitharaman intervened and pulled up the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes & Customs (CBIC) officials.

Taxmen to give ‘reasonable time’ to explain reasons for mismatch in GSTR-1, 3B

January 10, 2022 1:10 am

🔴 The Central Board of Indirect Taxes and Customs has issued guidelines on recovery proceedings and said that taxmen would give a “reasonable time” to businesses to explain the reasons for such mismatch.

Explained: New GST provisions to come into effect from Jan 1; concerns around them

December 24, 2021 7:40 am

🔴 So far, show cause notices were issued first and then the recovery process initiated in cases of mismatch in GSTR-1 and GSTR-3B.

CBIC directs officers to take steps for easing availability of containers

September 12, 2021 1:31 am

In an instruction to its field officers, the CBIC said that they should take proactive steps so that containers housing imported cargo that are under enquiry are expeditiously released.

Take risks, govt will address issues: Nirmala Sitharaman to India Inc

August 25, 2021 5:53 am

Expressing the government’s keenness to facilitate trends and sectors that are the future of the Indian economy, she acknowledged there are seminal changes happening in the financial sector, which the government policy should facilitate.

GST relief to food supply for mid-day meals, pre-schools, anganwadis: CBIC

June 19, 2021 2:24 am

Under the goods and services tax (GST), any catering service, including mid-day meals, provided to an educational institution is exempt from the levy.

CBIC clears Rs 11,052 crore GST refund claims since April 8

May 25, 2020 4:08 pm

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

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