The latest move comes after official data showed that consumer price index based inflation was at 7.01% in June
1 min read24 Jul 2022The 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 2019Giving 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 2019Touted 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 2018Apart 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 2018CBIC has instructed to swiftly settle exporters' claims held up because of mismatches in returns filed
2 min read31 May 2018Rechristening 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 2017The Central Board of Excise and Customs is to be renamed as the Central Board of Indirect Taxes
1 min read12 Sep 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared