Search results for: cbic

Summary of New GST Section 74A

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 […]

A majority of the issued SCN to the assessees under the GST regime in the previous year related to the data discrepancies in the tax return filings and measures are in progress to utilize the technology to use technology to solve these mismatches and solve the disputes of them along with the pain points for […]

Central Board of Indirect Taxes and Customs (CBIC) chairman Sanjay Kumar Agarwal said that India’s indirect tax structure will drive towards minimum tax slabs and the Centre will overhaul the present classification under both goods and services tax (GST) and customs. It is possible and prudent to have three tax rate slabs in the GST. […]

The Central Board of Indirect Taxes and Customs (CBIC) recently made it public through social media about the implementation of a new GST registration rule. This rule necessitates biometric authentication through Aadhaar and in-person verification for certain taxpayers identified based on data analytics and risk parameters. The objective behind this change is to enhance security […]

The release of integrated services for the Goods and Services Tax ( GST ) e-invoice-1 and e-invoice-2 portals by the National Informatics Centre ( NIC ), has been announced by the Goods and Services Tax Network ( GSTN ). Starting July 18, 2024, these services will be available on the sandbox and production portals from […]

The Central Board of Indirect Taxes and Customs ( CBIC ) has now Notification No. 02/2024 – Central Tax (Rate) dated July 12, 2024, in line with the Goods and Services Tax Council ( GST Council ) proposals to waive agricultural produce exceeding 25 Kilograms or 25 Litres from GST. Earlier, GST applied to food […]

On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules. The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and […]

To include the ‘Adjustment of negative liability of previous tax period’ for Reverse Charge and supplies under Section 9(5) of GST Act and other than Reverse Charge and supplies made under Section 9(5) of GST, the Central Board of Indirect Taxes and Customs (CBIC) has revised Table 6.1 of the GSTR 3B. From a new […]