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The Central Board of Indirect Taxes & Customs (CBIC) cited the rate notification for goods, ballpoint pens and fountain pens, school bags, and printed books will all draw Goods & Services Tax at 18%. At the 56th GST council meeting on September 1, suggestions from the notification were revealed. The 28 States and 3 Union […]
Buyers no longer need to reverse their input tax credit (ITC) when a supplier issues a post-sale financial or commercial credit note. The Central Board of Indirect Taxes and Customs (CBIC) has clarified that even if payments are made at a discount, the buyer can retain the ITC. This provides significant relief for businesses and […]
The Central Board of Indirect Taxes & Customs (CBIC) is planning to hold a meeting with various industry groups and trade organisations to talk about the recent changes in the Goods and Services Tax (GST) and how to simplify the tax rates. CBIC Chief Sanjay Kumar Agarwal has asked field formations to undertake proactive outreach […]
The Central Board of Indirect Taxes and Customs (CBIC) has released a public notice ahead of the upcoming 56th GST Council meeting scheduled for September 3 and 4, 2025. The department is asking everyone citizens, businesses, and the media not to guess or make assumptions about potential changes to GST rates. The official CBIC account […]
The Tamil Nadu government has requested that the Union Finance Ministry assign officers from the Central Board of Indirect Taxes and Customs (CBIC) to the state’s Service and Analysis Wing, citing that critical job vacancies for the IT department are significantly impairing their operations. Earlier this month, the Secretary for Commercial Taxes and Registration, Shilpa […]
The deadline for submitting Form GSTR-3B for July 2025 has been pushed back by the Central Board of Indirect Taxes and Customs (CBIC). This announcement was made in a notification issued on August 20, 2025, right when the original deadline was approaching. According to the central tax notification No. 12/2025, the amended due date to […]
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes (CBIC), in between the preparations for the new Income Tax legislation and other reforms in indirect tax administration, face significant staff shortages. The CBDT has a vacancy rate of roughly 34 per cent, while the CBIC has a 39 per cent […]
The Patna High Court delivered a ruling in the case of M/S Maharaj Ji Enterprises versus the Union of India, along with several other state departments and officials, under Civil Writ Jurisdiction Case No. 15175 of 2024, dated July 16, 2025. The court clarified that a new Goods and Services Tax (GST) registration can be […]
Through Circular No. 250/07/2025-GST, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new set of regulations aimed at easing the procedures for reviewing, revising, and appealing decisions made by the Common Adjudicating Authorities (CAAs) in cases initiated by the Directorate General of GST Intelligence (DGGI). Earlier, confusion arose over who could […]
