Page 3 - Cbic

Delhi HC issues notices to exporters over non-payment of IGST on imports

Under the GST regime, the exemption was not clearly mentioned till October 13, 2017. During the period, exporters were not allowed to clear their goods unless they pay IGST

GST authorities unearth tax racket to the tune of Rs 140 cr, arrest one

CBIC in a release said that the Central GST Delhi North Commissionerate has unearthed a racket "involving supply of goods-less invoices and invoice-less goods".

Deadline for GST filing, returns extended to March 31; forms simplified

The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was November 30, 2019, while that for 2018-19 was December 31, 2019

Rs 5k cr dues declared under Sabka Vishwas Scheme, likely to gain traction

Senior CBIC officials are confident the scheme is likely to gain further momentum in the coming days as taxpayers would not forego this opportunity.

Spike in gold smuggling via SEZs under lens; PMO seeks Customs report

The report should contain details about official gold imports, its usage in the domestic market, smuggling trends, possible curbs to mitigate the negative impact of gold imports on the trade deficit

Indirect tax board removes circular on GST, but confusion remains

The circular came out with different situations where GST should be paid and where it should not

GST and dispute resolution

Taxpayers would benefit from certainty in the assessment matters

Taking action on adverse feedback

The government has sent a clear message that it is listening and is willing to take the necessary steps to revive the economy

Panel to take decision within 60-days under tax amnesty scheme: CBIC

The amnesty component offers an opportunity to taxpayers to pay the outstanding tax and be free of any other consequence under the law

Govt sacks 22 'corrupt' tax officials in third crackdown since June

CBIC compulsorily retired 22 superintendent rank officers under Fundamental Rule 56(J) on corruption and other charges, official sources said

Pay up interest for delay in paying GST refunds: Gujarat High Court

Saraf Natural Stone, a partnership firm, had filed a claim of GST refund. However, there was substantial delay by the authorities in granting of refund

Criteria for identifying risky exporters not made clear by CBIC: Expert

A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds

CBIC sets up three working groups to facilitate exports, curb tax evasion

The groups will consult stakeholders, including export promotion councils, and submit report within two months

CBIC issues norms for safekeeping of confiscated, seized valuable goods

The CBIC also said that the system of 'e-malkhana' should be introduced at Customs warehouse on the lines of Delhi customs

Act against GST evaders irrespective of jurisdiction: CBIC to tax officials

The CBIC's move to step up enforcement actions will help in expediting enforcement action against erring taxpayers and also increase collection by plugging leakages

Customs admin need to use IT to facilitate trade, check revenue loss: CBIC

CBIC Chairperson S Ramesh said there is no alternative than to adopt technology for the objective of facilitating trade and checking revenue loss