Tag: Central Board of Indirect Taxes and Customs (CBIC)
Posted in Economy
CBIC introduces deferred customs duty payment facility for manufacturers-importers
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has introduced a deferred customs duty payment facility for eligible manufacturer importers. The step,…
Posted in Economy
Businesses get relief as CBIC eases ITC rules
Businesses receiving post-sale discounts in the form of financial or commercial credit notes without tax adjustments do not need to reverse input tax credit (ITC),…
Posted in Economy
GST relief: Companies asked to share revised prices of consumer durables, cars with consumers
New Delhi: The Centre has asked businesses to provide tentative price lists of consumer durables, cars, and other products after the Goods and Services Tax…