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Search results for: cbic

CBIC Notifies Rule 144A for Seized Goods

CBIC Circulates 10th Amendment Rules on Penalty Recovery By Seized Goods

The Central Board of Indirect Taxes and Customs (CBIC) mentioned that the law is concerned with the recovery of penalty through the goods sale or conveyance confined or seized in transmit. The Board has declared Central Goods and Services Tax (Tenth Amendment) Rules, 2021 that asks for the change of the Central Goods and Services […]

New Aadhaar Rule for Filing GST Refund

CBIC Mandates Aadhaar for GST Refund e-Filing from 1st Jan 2022

Aadhar authentication of the enrolled shall be important to get entitled for filing the refund claim and application of revocation of cancellation of the GST registration through taxpayers. The finance ministry has mentioned the date. The GST official in its 17th Sept has decided to make the Aadhar authentication important. The guidelines have been mentioned […]

CBIC Clarification Over 5 Percent GST Rate on ECOs

CBIC Notifies GST Cir 167 / 23 /2021 for Clarification of ECOs on New Rate

E-commerce operators (ECOs) such as Swiggy and Zomato shall be subjected to furnish 5% GST upon the restaurant services supplied from 1st January may be heckling with the generation of invoices on their own excluding the restaurants and third parties. In September 2021 it was circulated that the tax liability shall be on ECOs for […]

No GSTR 9 & GSTR 9C Compliance Burden in FY 2020-21

CBIC Deletes GST Annual Filing & Audit Reconciliation Burden in FY 2020-21

The latest guidelines are been circulated towards the GST assesses by the Finance ministry. As per the report, the assessee whose annual aggregate turnover (AATO) held with Rs 5 cr is not needed to furnish the reconciliation statement in Form GSTR-9C towards the FY 2020-21. GSTR-9C form is an annual GST reconciliation statement inside it […]

CBIC Instruction for Nov GST Collection

CBIC Instructs GST Officers to Work for Nov Revenue Growth

The Central Board of Indirect Taxes and Customs (CBIC) urged the field officers to assist in the revision of GST collections from October 2021 that poses the 2nd highest since the government has started the indirect tax rectification in 2017. The indirect tax council asked the senior councils to assist the field officers to ask […]

Instructions for GST SCNs and Adjudication

CBIC Circulates GST SCNs and Adjudication Process Guidelines

The Central Board of Indirect Taxes and Customs (CBIC) has declared the decree on the issuance of Show Cause Notice ( SCNs) and adjudication method in the pre GST system. The Audit has figured out that Draft SCNs have been found unsettled for issuance. There is an immoderate delay in adjudication. Its orders have not […]

5 ITC Circumstances for Senior GST Officers

CBIC Adds New Circumstances on ITC Blocking for GST Officers

GST field officers can restrict the tax credit as of now upon the grounds of the sources found and it is apart from the suspicion said CBIC (Central Board of Indirect Taxes and Customs). The sources specified that there could be five situations in which these credits can be restricted via senior tax officers. “These […]

CBIC Instructions on GST SCNs Based on ITR-TDS Database

CBIC Issues GST SCNs Instructions to Officials Based on ITR-TDS & Returns

The Central Board of Indirect Taxes and Customs (CBIC) rendered that the GST Officer provide show-cause notices on the grounds of the difference in ITR-TDS data and service tax returns postponement to the proper verification. Through several trade authorities and the council, the board obtained the representatives towards the instances of indiscriminate issuance of demand […]

CBIC Instructions on Issuance of GST SCN

CBIC Fresh Guidelines on Issuance of GST Show Cause Notices

The Central Board of Indirect Taxes and Customs (CBIC) published the directions upon issuance of Show Cause Notices (SCNs) within the said time. A brief analysis to sought the trend for the event of GST evasion and fraudulent ITC claim registered along with the number of SCNs given with respect to the FY 2017-18 (w.e.f. […]

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