Tag: Central Board of Indirect Taxes and Customs
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90% of the refund amount claimed on…
CBIC working on monetary limit for GST demand notices: Official
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to set a monetary limit for issuing GST demand notices to…
Short end of the GST stick makes one shine, leaves another guessing
As the government’s GST rate cuts draw applause, two winners have already emerged — the Indian consumer and FMCG firms. The sector left holding the…
New invoice system in works to curb automated notices
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) is working on a new advanced invoice management system that will prevent system-generated notices…
FY26 budget: CBIC sets 2-year period for customs assessments
All provisional assessments under customs will have to be completed within two years as per guidelines notified by the Central Board of Indirect tax and…
GST collections may dip initially, but festive demand will offset: CBIC chief
The Central Board of Indirect Taxes and Customs (CBIC) indicated on Thursday that Goods and Services Tax (GST) collections could see a temporary dip in…