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The GST is approaching very quick towards the implementation and in this hassle, there is a tense environment created within the officials of the Central Board of Excise and Customs which are very much thoughtful and doubtful about their jobs security. An Indian Revenue Service officer said, “If the government thought, a change as big as GST will not lead to any protests, then they are functioning in a utopian world.”
Central Board of Excise and Customs has given a clear indication to its working staff to shed off all the pending cases related to drawback payments and clearing pending refunds. The announcement has been made in order to make the way for GST and giving it a smooth hassle free structure to operate.
The Central Board of Excise and Customs (CBEC) has released the GST draft rules and formats for refund and return. Previously, CBEC has asked for suggestions for the GST draft rules for registration, payment and invoices, which will be accepting comments and feedback until September 28.
The Central Board of Excise and Customs have invited suggestions/opinions on Draft GST regulations. The Draft GST rules are pertaining to the Registration, Payment, Invoice under respective formats by 28th September 2016. These suggestions will help the CBEC to make corresponding changes in the Model GST Law as mentioned below:
The Central Board of Excise and Customs (CBEC) has released an extensive FAQs detailing taxability of e-commerce players and taxi aggregators under the new system. The (FAQ) booklet consists of 268-page frequently asked questions. It has been released by Finance Minister Arun Jaitley, who answered over 500 questions on 24 topics, including scope, valuation, registration, […]
GST Taxation scheme will stir some of the names under its implication, such as Apex indirect tax body CBEC will be named as the Central Board of Indirect Tax (CBIT) as soon as the GST strikes on 1st April next year. Governed by the secretary-level officer, exemptions, and threshold which are implied by CBIT now will be set accordingly by GST council being chaired by Union Finance Minister and has state finance ministers as its members.
The Calcutta High Court in a case asked the Commissioner of Central Goods and Service Tax (CGST) to file an affidavit to determine the validity of the Circular issued by the Central Board of Indirect Taxes and Customs (CBIC). The applicant Central Arya Road Transport contested the order passed via the Tribunal cancelling the plea […]
It was cited by the Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) that as the refund claim is for the exports which has been taken place prior to the new notification, the provision to provide the returns as cited in the new notification does not apply and could not get used […]
The Ministry of Finance, Department of Revenue, and Tax Research Unit opted for a proactive step for inclusive policy-making by asking for recommendations from Industry and Trade Associations for the forthcoming Budget 2024-25. The official communication, referenced as F. No.334/1/2024-TRU, was issued dated June 12, 2024. Concerning drafting the proposals for the union budget of […]
