Browsing Tag
cbic
SC ruling on IBC will have overriding effect over indirect tax recoveries
In a significant verdict, the Supreme Court (SC) has ruled that liquidation proceedings…
Centre clarifies custom duties on mobile phone components: What you need to know | Digit
CBIC has said that there will be a 15% basic customs duty (BCD) on the import of mobile phone display assemblies, if the product they are used in comes with other components like speakers, SIM trays, and power keys.The Central Board of…
FTA provisions over Rules of Origin to prevail in case of conflicts: CBIC
Exemptions specified in Free Trade Agreement (FTA) with regard to country of origin will…
Lack of clarity on GST paid on liquidated damages may lead to litigation
The government has clarified the applicability of the goods and services tax (GST) on…
CBIC clarifies on GST to be levied on EVs, mangoes, cattle feed
The Central Board of Indirect Taxes and Customs on Wednesday issued clarifications on the…
CBIC clarifies on GST changes – Times of India
NEW DELHI: Hours before a revision in GST rates, the Central Board of Indirect Taxes and Customs (CBIC) chose to issue detailed clarifications on the 5% levy on unbranded and packed food items that kicks in from Monday. Non-ICU hospital…
CBIC issues clarification on GST on pre-packaged items from Monday
The Central Board of Indirect Taxes and Customs on Sunday said single packages of food items…
GST tweak on food items to plug revenue leakages, says CBIC chief
The Goods and Services Tax (GST) Council’s decision to bring…
Systems reforms to boost revenue, address states’ concerns: Vivek Johri, chairman, CBIC
With the five-year goods and services tax (GST) compensation for states coming to an end on Thursday, measures to improve compliance such as tightening of input tax credit (ITC) norms, system reforms, data analytics, correction of inversion…