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...
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 : Once a export benefit under which shipping bill was filed has been availed, the conversion to any other scheme cannot be allowed a...
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...
Custom Duty : Discover the new Exchange Rate Automation Module (ERAM) by CBIC, ensuring automated, accurate, and timely updates for customs exch...
Corporate Law : Discover the new guidelines for SEZ Developers on procuring and installing solar panels to provide power supply in common areas of...
The Ministry of Finance, Government of India, recently released Instruction No. 03/2023-GST, dated 14th June, 2023, outlining stricter guidelines for the processing of applications for GST registrations. This move aims to counteract the prevalent issue of false and deceitful GST registrations used for issuing invoices without any actual supply of goods or services, leading to […]
Central Board of Indirect Taxes & Customs, under the Ministry of Finance, Government of India, shares an update highlighting the significance of data analytics in tax administration. The Chairman discusses the potential of data analytics to detect irregularities and enhance compliance. The update also includes details of successful anti-smuggling operations and a reminder to prioritize […]
Ministry of Finance issued a new notification regarding the imposition of anti-dumping duty on Stainless-Steel Seamless Tubes and Pipes, and the change of a company’s name in the sector.
CBIC allows imports of Crude Soya-bean Oil and Crude Sunflower Oil at zero Basic Customs Duty (BCD) and zero Agriculture Infrastructure and Development Cess (AIDC) for TRQ license holders for FY 2022-23 up to the 30th June, 2023 vide Notification No. 37/2023-Customs Dated- 10th May 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi, Notification No. […]
CBIC amends notification No. 11/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to to extend last date for exercise of option by GTA to pay GST under forward charge vide Notification No. 05/2023-Union Territory Tax (Rate) Dated: 09th May, 2023 Central Board of Indirect Taxes & Customs Government of India Ministry of Finance (Department […]
The CBIC based upon various queries related to Electronic Cash Ledger, raised by the EXIM Trade / Customs Brokers, certain issues have been clarified. Query : If custom duty amount is not integrated in ICES, the same should be credited automatically in ‘ECL’ wallet? Response: If the amount is not integrated in ICES, amount will be credited […]
CBIC earlier noted that the practice of payment of Service tax by way of book adjustment adopted by the Department of Posts and the Ministry of Railways was leading to incorrect accounting and reporting as the tax payments could not be reconciled by the field units of CBIC.
It has been brought to notice that cases of such antecedent verification arc lacing unreasonable delays at certain field formations. In order to ensure that this task is completed in a time hound manner. it has been decided to amend the aforesaid Circular 26/2016-Customs by inserting the following sentence at the end of Para 4.1
CBIC-6/1 /2021 -CX-VI Section-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Tax & Customs (CX & ST Wing) Room No. 263-E, North Block, New Delhi, dated: 6th February, 2023 INSTRUCTION To, 1. The Principal Chief Commissioner/ Chief Commissioner of CGST & CE (All), 2. Director General, Directorate of System […]
Are you familiar with the Authorized Economic Operator (AEO) Programme under the Customs Act of 1962? Learn the background and benefits of this trade facilitation programme.
