Central Board Of Indirect Taxes News

News

Centre extends import duty relief on lentil by six months

The latest move comes after official data showed that consumer price index based inflation was at 7.01% in June

1 min read24 Jul 2022
Companies

E-sealing on deposit, removal of goods from customs warehouses deferred once again

The e-sealing requirement for deposit in and removal of goods from customs bonded warehouses was originally to come into effect from August 15, 2018, which was then deferred to October 1, 2018. Its implementation was again postponed to November 1, 2018, and then further to January 1, 2019.

1 min read2 Jan 2019
Politics

Govt waives late fine for GST returns between Jul ’17-Sep ’18

Giving effect to the decision of the GST Council in its December 22 meeting, CBIC has notified waiver of late fees for non filing of GSTR-3B, GSTR-1 and GSTR-4 and non-payment of taxes between July 2017 and September 2018.

1 min read2 Jan 2019
Politics

E-way bill may be linked with FASTag to check GST evasion

Touted as an anti-evasion measure, e-way bill system was rolled out on April 1, 2018, for moving goods worth over ₹50,000 from one state to another

2 min read19 Nov 2018
Money

Mint Primer: How financial services will be taxed under GST

Apart from mutual fund exit load and credit card dues, GST has been introduced on a host of financial services, according to a CBIC FAQ. Mint takes a look at what this means

1 min read5 Jun 2018
Politics

Centre to launch tax refund drive in bid to help exporters

CBIC has instructed to swiftly settle exporters' claims held up because of mismatches in returns filed

2 min read31 May 2018
Politics

GST switchover: Renaming CBEC as CBIC may take a while

Rechristening the Central Board of Excise and Customs may not come about immediately as the revenue department may introduce amendments to at least five Acts only in the upcoming monsoon session

2 min read25 Jun 2017
Politics

GST recasts indirect tax board’s name

The Central Board of Excise and Customs is to be renamed as the Central Board of Indirect Taxes

1 min read12 Sep 2016

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