CBIC

Have you received a fake GST notice? Finance Ministry issues warning for taxpayers on fake violation notices; here’s how you can verify

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Have you received a fake GST notice? Finance Ministry issues warning for taxpayers on fake violation notices; here’s how you can verify

The Finance Ministry has alerted taxpayers about fraudulent GST violation notices that contain fabricated Document Identification Numbers (DIN) and official logos. The Central Board of Indirect Taxes and Customs (CBIC) has verified reports of scammers sending bogus GST summons, some of which may not be connected to ongoing investigations by the Directorate General of GST … Read more

CBIC issues revised guidelines for reporting arrest, smuggling incidents

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CBIC issues revised guidelines for reporting arrest, smuggling incidents

The CBIC said the incident report should describe the modus operandi, including flight/ voyage/cruise number and the customs declaration document name. The Central Board Indirect Taxes and Customs (CBIC) has revised guidelines for reporting of arrests, smuggling and commercial frauds by customs officers, as it looks to enhance risk-based targeting to nullify fraud attempts by … Read more

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

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Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal addresses conference in New Delhi on September 28, 2023. | Photo Credit: ANI E-gaming companies have been issued show cause notices for alleged GST evasion as per legal provisions, the head of Central Board of Indirect Taxes and Customs (CBIC) Sanjay Kumar Agarwal … Read more

Google, Facebook, Edtech companies may have to pay up to 18% IGST

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Google, Facebook, Edtech companies may have to pay up to 18% IGST

Overseas Online Information and Databases Access Retrieval Service or OIDAR services providers such as Facebook, X, Google and large number of edtech companies could face integrated goods and services tax up to 18% on services provided to government and individuals with India Wednesday proposing to end the exemption enjoyed by them from October One. As … Read more

CBIC tightens norms for GST registrations

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CBIC tightens norms for GST registrations

The Central Board of Indirect Taxes & Customs (CBIC) has tightened norms for businesses to get registered under the Goods and Services Tax regime following instances of registration using fake documents. The apex indirect taxes body has also directed officials to properly verify documents submitted and to reject applications where applicants fail to provide all … Read more

CBIC mandates timebound digital records of arrests

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CBIC mandates timebound digital records of arrests

The indirect taxes body has made it compulsory for its officials to make digital records of arrests, showcause notices, seizures, filings for prosecution and case closures in a timebound manner. The move is aimed at bringing more accountability and transparency in the search and seizure process and maintaining a robust database. The Central Board of … Read more

CBIC notifies the Customs Valuation Rules 2023, effective from February 11

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CBIC notifies the Customs Valuation Rules 2023, effective from February 11

From next month, importers will have to furnish additional information at Customs Automated System while filing a bill of entry in case of “specified goods”. The centre has notified the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023, aimed at addressing the undervaluation of specified imported goods. The rules will be effective … Read more

Employers no longer require to deduct GST on subsidised meal cost recovered from employees: AAR

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Employers no longer require to deduct GST on subsidised meal cost recovered from employees: AAR

Employers will no longer require to deduct GST on the subsidised meal cost recovered from their employees, the Authority of Advance Ruling (AAR) said on Tuesday. The Gujarat bench of the AAR gave the ruling after Zydus Lifesciences approached the authority to seek clarification on whether GST would be levied on the amount deducted from … Read more

Mobile Assembly With Parts Fitted to Attract 15 Percent Import Duty: CBIC

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Mobile Assembly With Parts Fitted to Attract 15 Percent Import Duty: CBIC

Import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 percent basic customs duty (BCD), the Central Board of Indirect Taxes and Customs (CBIC) has said. The CBIC said there have been instances of mis-declaration while importing display assembly of cellular mobile phones. … Read more

Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portal

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Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portal

As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 … Read more