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Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
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28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
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4,900 Fake GST Registrations Cancelled, Rs 15,000 Crore Tax Evasion Detected
GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.
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April GST Return Filing Deadline Extended In Manipur Due To Violence
The CBIC has extended the deadline till May 31 for Manipur-based businesses to file monthly GST returns, as the north eastern state continues to witness violence due to ethnic clashes.
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Monthly GST Revenue Of Rs 1.50 Lakh Crore To Be New Normal: Indirect Taxes Board
Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.
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Centre Exempts Imports Of Covid Vaccines From Customs Duty Till March 31
The Central Board of Indirect Taxes and Customs (CBIC) said Covid vaccines, when imported into India by central government or state governments, would be exempt from the whole of customs duty from January 14, 2023 till March 31, 2023.
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GST Not Payable On House Rented To Proprietor For Residential Use
From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.
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India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST
India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.
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Deadline To File September GST Returns Extended Till October 21
The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the Central Board of Indirect Taxes and Customs (CBIC) said on Friday.
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Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Government Seeks Views On Proposal For E-Commerce Jewellery Export Via Courier
Finance Ministry has come out with a draft standard operating procedure (SoP) for facilitating e-commerce jewellery exports through courier route
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RBI Governor Advises Businesses To Avoid Short-Term Gains
RBI Governor Shaktikanta Das on Thursday said businesses should avoid having an aggressive short-term reward-seeking culture
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CBIC Launches Scrutiny Into 50,000 GST Filings, Proposes Quarterly Scrutiny
Central Board of Indirect Taxes and Customs (CBIC) has proposed mandatory scrutiny of Goods and Service Tax (GST) returns on a quarterly basis
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GST Refunds Worth Rs 1.75 Lakh Crore Issued To Exporters In 2021-22
Central Board of Indirect Taxes and Customs (CBIC) issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in 2021-22
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GST Policy Wing Cautions Against Sharing Aadhaar, PAN Details Without Valid Reasons
The CBIC on Thursday cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.
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Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
-
28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
-
4,900 Fake GST Registrations Cancelled, Rs 15,000 Crore Tax Evasion Detected
GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.
-
April GST Return Filing Deadline Extended In Manipur Due To Violence
The CBIC has extended the deadline till May 31 for Manipur-based businesses to file monthly GST returns, as the north eastern state continues to witness violence due to ethnic clashes.
-
Monthly GST Revenue Of Rs 1.50 Lakh Crore To Be New Normal: Indirect Taxes Board
Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.
-
Centre Exempts Imports Of Covid Vaccines From Customs Duty Till March 31
The Central Board of Indirect Taxes and Customs (CBIC) said Covid vaccines, when imported into India by central government or state governments, would be exempt from the whole of customs duty from January 14, 2023 till March 31, 2023.
-
GST Not Payable On House Rented To Proprietor For Residential Use
From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.
-
India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST
India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.
-
Deadline To File September GST Returns Extended Till October 21
The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the Central Board of Indirect Taxes and Customs (CBIC) said on Friday.
-
Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Government Seeks Views On Proposal For E-Commerce Jewellery Export Via Courier
Finance Ministry has come out with a draft standard operating procedure (SoP) for facilitating e-commerce jewellery exports through courier route
-
RBI Governor Advises Businesses To Avoid Short-Term Gains
RBI Governor Shaktikanta Das on Thursday said businesses should avoid having an aggressive short-term reward-seeking culture
-
CBIC Launches Scrutiny Into 50,000 GST Filings, Proposes Quarterly Scrutiny
Central Board of Indirect Taxes and Customs (CBIC) has proposed mandatory scrutiny of Goods and Service Tax (GST) returns on a quarterly basis
-
GST Refunds Worth Rs 1.75 Lakh Crore Issued To Exporters In 2021-22
Central Board of Indirect Taxes and Customs (CBIC) issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in 2021-22
-
GST Policy Wing Cautions Against Sharing Aadhaar, PAN Details Without Valid Reasons
The CBIC on Thursday cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.
