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Aadhaar, PAN mandatory for customs broker licence: tax dept

Aadhaar, PAN mandatory for customs broker licence: tax dept

Sun, May 20, 2018

The revenue department has made unique identity number Aadhaar and PAN mandatory for persons seeking a customs broker licence, according to a notification

CBEC renamed as CBIC; Twitter handle updated

CBEC renamed as CBIC; Twitter handle updated

Sun, Apr 01, 2018

Through Finance Bill, 2018, the government amended the Central Boards of Revenue (CBR) Act, 1963, as well as the Central Goods and Services Tax Act, 2017, replacing CBEC with CBIC. The re-organisation of field formations of the CBEC for implementation of GST, and its renaming to CBIC was approved by Finance Minister Arun Jaitley in March last year.

E-way bill rollout from April 1; GSTR-3B to be filed till June

E-way bill rollout from April 1; GSTR-3B to be filed till June

Sat, Mar 24, 2018

The Central Board of Excise and Customs (CBEC) has also notified the requirement of filing summary return GSTR-3B till June. The GSTR-3B for a month is required to be filed by the 20th day of the succeeding month. The GST Council, headed by Finance Minister Arun Jaitley and comprising his state counterparts, had in its meeting on March 10 decided on e-way bill roll out and extension of 3B filing facility

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GST collection to cross Rs 90k cr a month from April: CBEC

GST collection to cross Rs 90k cr a month from April: CBEC

Fri, Mar 16, 2018

GST was implemented by the government from July 1 of the last year. She said the initial hiccups related to GST have been settling now. "A lot has been settled. All technologies that are required are there," Sarna said.

High-end bikes to get cheaper as govt slashes import duty

High-end bikes to get cheaper as govt slashes import duty

Tue, Feb 13, 2018

Imported motorcycles from high- end brands, including Harley Davidson and Triumph, are set to get cheaper as the government slashed customs duty to 50 per cent.

CBI nabs CBEC officials in graft case

CBI nabs CBEC officials in graft case

Wed, Jan 10, 2018

The CBI has arrested a Central Board of Excise and Custom (CBEC) official in Finance Ministry here and another in the Goods and Services Tax (GST) office in Mumbai on charges of demanding bribes, an official said on Tuesday.

Use discretion fairly in investigations: FM Jaitley tells DRI officials

Use discretion fairly in investigations: FM Jaitley tells DRI officials

Mon, Dec 04, 2017

The FM said that only when the success rate of prosecution and penalty is high then it would act as a deterrent for offenders. He said that with every passing generation the nature of economic offence is changing and technology is being used to commit those offences.

GST rate cut: CBEC chief asks FMCG companies for immediate revision in MRP

GST rate cut: CBEC chief asks FMCG companies for immediate revision in MRP

Tue, Nov 21, 2017

CBEC Chairperson Vanaja Sarna has written to FMCG companies asking them to immediately revise MRP on all products in line with the latest reduction in GST rates.

High Court judges, experts brainstorm on likely GST litigations

High Court judges, experts brainstorm on likely GST litigations

Sun, Nov 19, 2017

Top domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs (CBEC) briefed judges about the new tax system recently, according to documents available in the public domain.

Hike in GST cess of mid, large cars, SUVs to take effect from tomorrow

Hike in GST cess of mid, large cars, SUVs to take effect from tomorrow

Sun, Sep 10, 2017

While the GST cess on mid-size cars has increased by 2%, large cars has been hiked by 5% and SUVs by 7%.

Use data analytics to track undeclared wealth: PM Modi to taxmen

Use data analytics to track undeclared wealth: PM Modi to taxmen

Sat, Sep 02, 2017

Since coming to power in May 2014, Prime Minister Narendra Modi has assured taxpayers that he will remove the fear of tax officials hounding them by ushering in accountability and answerability.

GST switchover: Renaming CBEC as CBIC may take a while

GST switchover: Renaming CBEC as CBIC may take a while

Sun, Jun 25, 2017

Rechristening the Central Board of Excise and Customs (CBEC) may not come about immediately as the revenue department may introduce amendments to at least five Acts only in the upcoming monsoon session next month.

Revenue department sets up twitter handle to answer GST queries

Revenue department sets up twitter handle to answer GST queries

Mon, May 29, 2017

With just over a month left for GST implementation, the revenue department today started a new twitter handle to answer industry queries related to the new indirect tax regime.

Govt to strengthen CBIC under GST to check tax evasion

Govt to strengthen CBIC under GST to check tax evasion

Wed, May 17, 2017

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

CBEC launches mobile app for GST

CBEC launches mobile app for GST

Thu, Feb 23, 2017

Central Board of Excise and Customs (CBEC) has launched a mobile application on Thursday for Goods and Services Tax (GST) to inform the taxpayers of the latest updates on GST.

GST won't lead to job losses at tax department, assures FM Arun Jaitley

GST won't lead to job losses at tax department, assures FM Arun Jaitley

Fri, Jan 27, 2017

Ahead of the rollout of GST, Finance Minister Arun Jaitley on Friday sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.

CBEC initiates process of migration of existing central excise & service tax assesses to GST

CBEC initiates process of migration of existing central excise & service tax assesses to GST

Mon, Jan 09, 2017

With a goal to meet the government's aim of meeting April 1 deadline for implementing GST across India, the CBEC has initiated the process of migration of its existing central excise and service tax assesses to the new tax regime with effect from Monday.

PAN a must for excise, service taxpayers for GST registration

PAN a must for excise, service taxpayers for GST registration

Sun, Jan 08, 2017

The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up.

About 75% of targeted 60,000 officers trained for GST: NACEN

About 75% of targeted 60,000 officers trained for GST: NACEN

Sun, Dec 25, 2016

Uncertainty over the rollout date of GST notwithstanding, the NACEN has already trained about three-fourth of the targeted 60,000 field officials who would be instrumental in implementing the new indirect tax regime.

Govt hikes import tariff value on gold, silver

Govt hikes import tariff value on gold, silver

Tue, Nov 01, 2016

The government on Monday hiked import tariff value on gold and silver marginally to $414 per 10 grams and $577 per kg, respectively, taking into account global trends.

PM Modi's Cabinet approves Rs 2,256 crore Saksham project for GST integration

PM Modi's Cabinet approves Rs 2,256 crore Saksham project for GST integration

Wed, Sep 28, 2016

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Rs 2,256 crore Central Board of Excise and Customs' (CBEC) IT project named 'Saksham', which will help to integrate CBEC's network system with GST network before the bill gets roll out from April next year.

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tue, Sep 27, 2016

Moving at a fast pace, the tax department on Tuesday came up with two more draft rules and their formats on GST returns and refunds requiring assessees to file monthly returns and specifying procedure for claiming refunds of taxes, interest and fees.

GST Council to finalise registration, other rules on September 30

GST Council to finalise registration, other rules on September 30

Mon, Sep 26, 2016

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

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