Tag: indirect tax
India’s vision is to become world’s most efficient and trusted trade hub: Revenue secy
New Delhi: India’s vision is to become the world’s most efficient and trusted trade hub by expanding participation of authorised economic operators (AEOs), integrated free…
Need to simplify GST and reduce cess: Ex CEA Subramanian
India’s GST regime is very complicated and there is a need to simplify this biggest indirect tax reform introduced in 2017, former Chief Economic Adviser…
CBIC relaxes norms for Customs Cargo Service Providers
The Central Board of Indirect Taxes and Customs (CBIC) Friday reduced insurance requirement for stored custom cargo to five days from 10 days. It also…
CBIC asks customs officers to complete inquiry in commercial fraud cases within a year
The CBIC has asked customs field formations to disclose the specific nature of inquiry being undertaken while issuing letters/summons in export/import fraud cases and also…
Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion
New Delhi: Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against…
Mahindra & Mahindra: Mahindra Group companies run into ‘brand’ tax
In a move that could open a Pandora’s box and spark an outcry from Corporate India, Mahindra & Mahindra has been served a notice from…
Infosys vs USD 4 Billion GST: CBIC sensitises officials about June circular as tax experts bat for clarity
The Central Board of Indirect taxes and Customs has asked field officials to take into account its June 26 circular when considering matters about related…
6 years of GST: Rs 1.5 trillion monthly tax revenues becomes ‘new normal’, focus on curbing tax evasion
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every…
gst: Setting up GST appellate tribunal need of the hour: Smita Singh, S&A Law – The Economic Times Video
gst: Setting up GST appellate tribunal need of the hour: Smita Singh, S&A Law – The Economic Times Video | ET Now ET Online |…
customs: Customs clearance time for imports drops 11 pc at air cargo complex
The average time taken for customs clearance of imports has dropped 11 per cent at air cargo complexes and 9 per cent across seaports, a…