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The national academy of customs indirect taxes and narcotics has decided to provide the offline training with the audit for GST Know the brief explanation about different types of GST audit. Also, we added a comparison report between Statutory, Departmental, Special and Management Audit. read more to the administrators of CBIC. The dates announced for […]
While assuring the social distancing, CBIC asked administration for accompanying conferences in GST cases through video conferencing. Via video conferencing CBIC announces the facts to conduct hearings so as to appeal for Acts for customs along with disputes belonging to excise and service tax. From this, the feedback has been received from the grounds of […]
On July 30, 2020 Thursday, the Central Board of Indirect Taxes and Customs ( CBIC ) released a notification and introduced the “Schema for E-Invoice” for imposing the e-invoicing. It is for electronically-authenticated invoices, which will be implemented from October 1, 2020, only for entities businesses having a turnover of ₹ 500 cr. According to […]
Recently the finance ministry stated that all the information and talks over the merging of Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, GST, Sales Tax, VAT, Custom Duty and Octroi Tax and Customs( […]
Central Board of indirect taxes and customs (CBIC) has finally extended the AEO certification validity for the relief in the renewal process and has now fixed the date of 30th September 2020. As per the recent reference given by the board which is concerned with the Para 5.1 Circular No. 33/2016-Customs dated July 22, 2016, […]
The Central Board of Indirect Taxes (CBIC), which controls Goods and Services Tax (GST), has announced that the department will not charge any late fees for the delay in the filing the returns under form GSTR-3B Get to know details on GST return 3B form along with the online return filing procedure. Also, we mentioned […]
CBIC on Monday, June 15, 2020, launched ‘e-Office’ in more than five hundred GST and customs offices. e-Office is an application that is introduced with an aim to improve governance, which can be achieved by automating the internal procedure of handling files. The Application will impose changes in the internal office procedures which are till […]
The Central Board of Indirect Taxes and Customs (CBIC) has declared that the Customs Department is going to commence a PAN-India faceless assessment by 31 Dec. The department has already tested the plan in five cities of the country. The initiative is supposed to curb corruption and bring transparency to the tax collection process. Last […]
The CBIC had issued a Standard Operating Procedure (SOP) on January 23, 2020, and it needs to be followed by such exporters, and on May 20, 2020 CBIC made some amendments in it regarding verification of IGST refunds and other related aspects. The Standard Operating Procedure (SOP) by CBIC was released to confirm the existence […]
