Goods and Services Tax : Get a detailed summary of the latest GST notifications and circulars issued on 10 July 2024, including changes in GSTR 1, ISD mech...
Goods and Services Tax : Discover the GST place of supply for custodial services provided by Indian banks to Foreign Portfolio Investors (FPIs), clarified ...
Goods and Services Tax : Stay informed on the latest GST developments, including new CBIC instructions, important case laws, and the formation of the GST A...
DGFT : Explore pervasive corruption within JNCH Customs, its impact on exporters, and urgent need for comprehensive reforms to restore in...
Goods and Services Tax : Explore the influence of Reverse Charge Mechanism (RCM) on GST with practical examples. Learn how RCM works, its applicability, an...
Custom Duty : Discover how CBIC's new Exchange Rate Automation Module (ERAM) simplifies trade with 22 currency exchange rates online. Learn more...
Custom Duty : Learn how CBIC is tackling frauds by imposters posing as Indian Customs officers. Stay safe with tips on identifying scams and pro...
DGFT : CBIC introduces electronic disbursal of duty drawback directly to exporter's bank accounts via PFMS, enhancing transparency and ef...
Excise Duty : CBIC, under the Ministry of Finance, seeks feedback on the proposed Central Excise Bill 2024. Stakeholders can submit suggestions ...
CA, CS, CMA : NACIN and NADT collaborate on sharing resources, tech, and best practices: Memorandum of Understanding signed. #MoU #NACIN #NADT...
Service Tax : Oceanic Consultants Pvt Ltd Vs Commissioner or Central Excise And Service Tax (CESTAT Chandigarh) CESTAT Chandigarh held that Indi...
Goods and Services Tax : Read the Madras High Court's judgment setting aside an unreasoned GST demand order against Ford India, citing GSTR 9 and GSTR 2A m...
Goods and Services Tax : Madras High Court directs release of Mane Kancor's seized goods upon production of delivery challans, challenging detention and pe...
Custom Duty : xplore the case of Shakti Cargo Movers vs. Commissioner of Customs at CESTAT Delhi, where the court ruled that a customs broker ca...
Goods and Services Tax : Analysis of Gallantt Ispat Limited vs Union of India case in Allahabad HC, focusing on tax recovery and investigation guidelines....
Custom Duty : CBIC's latest update covers Union Budget review, major Tramadol seizures, and uncovering of a fake ITC racket, highlighting key ta...
Goods and Services Tax : Discover the CBIC July 2024 newsletter highlights including NTRS 2024 findings, RoDTEP benefits for SEZs, and a crackdown on gold ...
Custom Duty : Explore Customs Notification No. 48/2024 by CBIC, detailing the appointment of adjudicating authorities for M/s Avlock Internation...
Excise Duty : CBIC revises monetary limits for adjudicating show cause notices in Central Excise for commodities under Chapter 24 of Schedule IV...
Goods and Services Tax : Explore CBIC's latest newsletter marking 7 years of GST, commendations to officers, global customs agreements, anti-drug initiativ...
CRCL and other Revenue Laboratories have been upgraded with several new, state of the art equipment, thereby enabling the testing of a wider variety of commodities in lesser time, with greater accuracy. For details, the CRCL brochure available at crcl.gov.in may be perused.
The notfns issued by CBIC on 14.6.2021 are totally revenue oriented & are against the ratio decidendi of Delhi High court judgment in the case of Gurcharan Singh v. Ministry of Finance & Ors.(2021) J.K.Jain’s GST & VR 493, against which the Govt. has intentionally obtained stay in the case of Ministry of Finance (Deptt. of […]
The 44th GST Council Meeting was held on 12th June, 2021 with a single agenda point to discuss the report of the Group of Ministers for GST concessions on Covid-relief items. The Council recommended reducing GST rates on specified items being used for Covid-19 relief and management till 30th September, 2021.
CBIC has lost a number of its serving officers and staff during the Covid pandemic, more so in the recent second wave, leaving their families, colleagues and indeed the entire organization, disconsolate and in a state of shock. We will always remember their valuable contribution, to the department and to the trade and industry, done in a spirit of service to the nation even during these challenging times.
Interest Liability on the amount paid through Electronic Cash Ledger shall be applicable retrospectively from 01.07.2017 Notification No. 16/2021 – Central Tax Section 112 of the Finance Act, 2021 shall be effective from 01.06.2021 As per Section 112 proviso shall be substituted and shall be deemed to have been substituted with effect from the 1st […]
Despite the fact that most of the States have been under a strict lockdown due to the pandemic, GST revenue collection stood at Rs 1,02,709 crore for the month of May, 2021. It marks the eighth month in a row that the gross GST revenue collection figures have crossed the Rs. 1 lakh mark.
Amnesty measures under the GST Acts have been proposed as a measure of trade facilitation, by extending due dates of return filing and rationalising the late fee imposable. Simplifications in the filing of Annual Returns have also been approved.
In case the importer has applied through online application to PESO and the decision is pending in PESO, the exemption allows them to bring oxygen cylinders on urgency for COVID relief activities in India.
Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021 were notified vide Notification No. 09/2021-Customs (N.T.), dated 01.02.2021. For ease of understanding the broad modalities of its operationalisation, the Customs wing of CBIC has issued a detailed circular No.10/2021 -Cus dated 17.05.2021.
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st May, 2021, vide Notification No. 48/2021-Customs (N.T.), Dated: 20th May, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 48/2021 – Customs (N.T.) New Delhi, dated the 20th May, […]
