Tag: cbic
export obligation default: FinMin operationalises amnesty scheme for traders failing to meet export obligation
The finance ministry has operationalised the amnesty scheme for traders who defaulted in export obligation under the Advance and EPCG authorisation scheme. As per the…
24 big importers found evading Rs 11,000 crore IGST
The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore…
CBIC rolls out module for automated scrutiny of GST returns
The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a module for automated scrutiny of GST returns. “This module will enable the…
gst: FM Sitharaman asks CBIC to introduce automated GST return scrutiny by next week
Finance Minister Nirmala Sitharaman on Saturday directed Central Board of Indirect Taxes & Customs to introduce its automated GST return scrutiny by next week and…
CBIC extends interest waiver on customs duty payable via ECL till April 13
The CBIC has extended the interest waiver on customs duty payable by importers and exporters through the Electronic Cash Ledger (ECL) till April 13. An…
CBIC Portal Glitch: CBIC waives penalty, interest fee on account of technical glitch
The Central Board of Indirect Taxes and Customs (CBIC) has waived the entire interest payable for the period between April 1 and April 10 to…
new payment system glitch: Shipment from abroad stuck at ports after new payment system glitches
Import consignments are stuck at ports and terminals across the country since April 1 due to glitches in the new payment system. Brihanmumbai Custom Brokers…
gst: Businesses can revoke cancelled GST registration by June 30
New Delhi: Businesses whose Goods and Services Tax (GST) registrations were cancelled before December 31 for non-filing of returns can apply for revocation of the…
CBIC mandates timebound digital records of arrests
The indirect taxes body has made it compulsory for its officials to make digital records of arrests, showcause notices, seizures, filings for prosecution and case…
gst tax evasion: Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fast
The North Block has been cheering the trend of India’s monthly revenue collection from goods and services tax hitting Rs 1.5 lakh crore and becoming…