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New Common Bank Audit Norms for Central & State GST Officers

CBIC Establishes Common Norms for GST Officers to Audit Banks

Common norms are drawn by the Central Board of Indirect Taxes and Customs (CBIC) towards central and state level Goods and Services Tax (GST) officials to audit banks, CBIC chairperson Sanjay Kumar Agarwal stated field officers. The same action provides better assurance about audit procedures to banks since officials would have a common audit plan […]

CBIC Advisory No. 629 Related to Reset & Re-filing of GSTR-3B

CBIC Issues Advisory to Reset & Re-filing GSTR 3B for Selected Taxpayers

The same is pertinent to the ability of specific assesses to resubmit their GSTR-3B forms. At the time of process filing same was noticed that certain assessees’ returns comprised of the differences between the data that was furnished actually in the ITC claim and tax liabilities payment along with the data that was preserved in […]

Indirect Tax Collection for FY24 Surpasses RE by a Good Margin

CBIC Chief: Indirect Tax Collection for the FY 2023-24 Beats Revised Estimates by a Good Margin

The indirect tax collection for FY24 has surpassed the revised estimates (RE) of Rs 14.84 lakh crore by “a handsome margin”, supported by a record GST mop-up, a government official expressed. Praising the measures of tax officials, CBIC chairman Sanjay Kumar Agarwal, in a letter to field officials, expressed, “I am happy to inform that […]

New Detailed SOP for GST Officials to Prevent Taxpayer Harassment

CBIC Approves 6-Page SOP for GST Officials to Stop Taxpayer Harassment

A detailed standard operating method for officials of the Directorate General of GST Intelligence (DGGI) is been approved by the Central Board of Indirect Tax and Customs (CBIC) accompanying certain instructions for their conduct at the time of the tax investigation, summons, and searches to rectify the simplicity of business procedure and to avert any […]

Reclassification of Goods in the FMCG Sector Under GST

CBIC Plans to Reclassify Some Goods for Clarification Under GST

The Central Board of Indirect Taxes and Customs (CBIC) is planning to make a list of products that end up in litigation because of classification issues. The fitment committee seems to look into these items in which there is a minor difference in composition but the tax slabs are different, creating confusion in tax obligation, […]

CBIC to Remove Duplicate GST Notices from State and Center Dept

CBIC Instructs GST Officers to Invent A Process for Elimination of Duplication Notices

To develop an internal method desired to eliminate duplicate Goods and Services Tax ( GST ) notices sent to companies and individuals already under investigation by state goods and services tax authorities is been directed by the Central Board of Indirect Taxes ( CBIC ) to its field officers. Some instances show that the taxpayers […]

CBIC Advisory Number 625 for Delaying in GST Registration

CBIC New Advisory for Taxpayers Getting Delays in GST Registration

An advisory on getting late GST registration reported by some taxpayers even after successful Aadhar Authentication as per Rules 8 and 9 of the CGST, Rules, 2017, has been issued by the Goods and Service Tax Network (GSTN). Taxpayers complained that even after successful Aadhar Authentication their GST Number is not furnished to them. Now […]

GST Portal New Functionality to Make Payment Via Credit/Debit Card

CBIC New Functionality on GST Portal Payment Via Credit/Debit Card

The latest update on the Goods and Services Tax (GST) portal introduces a new functionality allowing GST payers to use debit or credit cards via the Kotak Mahindra Payment Gateway. Presently, the portal exclusively accepts cards through the Kotak Mahindra Gateway, but there are plans to include more Credit Card options soon. Fill Form for […]

CBIC Grants Major Relief Via GST Notification No. 56/2023 to Officials

CBIC Grants Major Relief Via GST Notification No. 56/2023 to Officials

Two days later, the Central Government decided to provide relief to GST officials who were facing difficulties in resolving pending cases of the GST law. The decision to extend the deadline once again for the financial years 2018-19 and 2019-20 has been taken after the recommendation of the GST Council. Now, non-fraud cases that are […]

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