Central Board of Indirect Taxes and Customs

Currently, 1.39 lakh businesses are registered under GST, launched 6 years ago on July 1, 2017 (Imaging: Ajay Mohanty) GST officers have busted 304 syndicates involving 9,000 fake GSTINs and input tax credit (ITC) claims of Rs 25,000…

The CBIC has come out with a standard operating procedure (SoP) for scrutiny of GST returns for fiscal 2019-20 onwards under which the analytics unit will identify returns for scrutiny depending on various risk parameters. …

The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing system of notifying rates fortnightly. The move would help capture…

The Central Board of Indirect Taxes and Customs (CBIC) on Thursday announced interim relief for traders grappling with difficulties in paying import duty through the automated payment system that went live on April 1. The…

The GST Investigation wing of the Central Board of Indirect Taxes and Customs deals with policy issues relating to enforcement actions such as search, seizure, prosecution and arrest. Photo: Twitter/@cbic_india With Parliament clearing the…

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The government on late Friday slashed windfall gains tax, lowering the duties and cess on…

However, thresholds will not apply for offences relating to fake currency notes, arms, ammunitions and explosives, antiques, art treasures, wildlife items and endangered species of flora and fauna However, thresholds will not apply for…

What are the pros and cons of Customs wanting more information on international travellers? How will the process work?   What are the pros and cons of Customs wanting more information on international travellers? How will the process…