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The Goods and Service Tax (GST) implemented on July 1, 2017, by the government and the states governments would get the compensation for five months as announced, it was reiterated by the Panneerselvam while introducing the budget 2018-2019 in the assembly meeting.

CBEC Chairperson Vanaja Sarna told that income authorities will set up the camp in the nation for a fortnight starting from March 15 to ease the exporters’ GST refund woes.

Vanaja N Sarna, Chairperson of Central Board of Excise and Customs (CBEC), said that the tax collected under the new tax regime is deviating from the expected figure and there are no targets in line to tweak the annual revenue goals.

Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.

The Central Board of Excise and Customs (CBEC) has clarified the confusion on tax rates of Sarees. The statement stated that whether designer sarees or embroidered, will impose a five percent tax rates under the new Goods and Services Tax (GST).

After the hustle and uproaring over the tax rates decided by the GST council in the recent time, the Central Board of Excise and Customs Chairperson Vanaja Sarna clears that the revision of any tax rate of whether good or services is solely at the discretion of GST council and no one else.

The government along with the Central Board of Excise and Customs (CBEC) has pressurized for wrapping up IT training of the authority officials in order to align with 1st July roll out of goods and services tax. The previous week, the union finance minister Arun Jaitley mentioned that a minor percentage of around 40 percent tax officers has been trained under the IT training initiative for the operations of GST portal which is a source from the GST network.

Goods and service tax is approaching with queries solved in its pack, while it may create some upheaval upon implementation, but it is quite essential to create one. In the last year of discussion among the automobile association with the ministry

CBEC newly appointed chief Vanaja Sarna has been doing all round of activities to create an active movement within the department and has poked the field officers to be ready for the upcoming taxation regime with all the potential and responsibility. This also includes campaigning and creating awareness among the trading community and the industries as well. This awareness will be garnered by the short window which will be available before the July 1 rollout.