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Latest Articles in CBIC

Ice Cream Parlours To Attract 18% GST: CBIC

With regard to ice cream parlours, the CBIC said such places sell already manufactured ice cream and do not have the character of a restaurant.

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CBIC Asks Taxmen To Complete GST Evasion Investigations Within A Year

The instruction by the CBIC follows a detailed analysis of cases of GST evasion and fraudulent input tax credit (ITC) availment booked vis-à-vis number of show-cause notices (SCNs) issued for 2017-18, 2018-19 and 2019-20 financial years.

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Papad, Irrespective Of Shape, Is Exempt From GST: CBIC

The clarification by the Central Board of Indirect Taxes and Customs (CBIC) came after industrialist Harsh Goenka tweeted that round shaped papad is exempt from Goods and Services Tax whereas a square papad attracts the levy.

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Customs Commissionerates Not To Issue Reports Interpreting Law: CBIC

Section 151A of the Customs Act, 1962 empowers CBIC alone to issue instructions/ directions for the purpose of uniformity in classification of goods or with respect to levy of duty, or for the implementation of any other provision of the Act or of any other law which relate to import or export of goods.

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CBIC Asks Field Offices To Allow Only Dot-Approved Mobile Signal Boosters Import

Unauthorised operation of mobile signal repeater/booster has been a serious cause of concern for the licensed cellular Telecom Service Providers (TSP) to maintain the desired quality of service (QoS) in light of the interference caused by such repeaters.

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E-Way Bill Generation To Be Blocked From Aug 15 For GST Return Non-Filers

The Central Board of Indirect Taxes and Customs (CBIC) had earlier suspended the blocking of electronic way (e-way) bill generation for non-filers of GST returns, to give taxpayers compliance relief during the COVID pandemic.

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E-Way Generation To Be Blocked From Aug 15 For Return Non-Filers: GSTN

Any taxpayer who has not filed two or more returns in GSTR-3B up to June 2021, or has not filed 2 or more statements in GST CMP-08 for the quarters up to April to June 2021, will not be able to generate eway bill after August 15.

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CBIC Launches Portal To Provide Info On Customs Procedures, Regulatory Compliance

The portal would also have information related to partner government agencies like FSSAI, drug controller, etc., to carry out imports and exports.

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Periodic Certification Renewal Not Required For AEO-T1 Entities From Aug 1: CBIC

The facility of continuous AEO certification/auto renewal for AEO-T1 entities is being made available subject to submission of annual self-declaration between October 1 to December 31 every year

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CBIC Abolishes Licence Renewal Requirement For Customs Brokers, Authorised Carriers

The CBIC has amended the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, to state that all such existing licenses/registration would have a lifetime validity.

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SC Order On Timeline Limitation Restricted Only To Appeal Cases: CBIC

Tax authorities can continue to hear and dispose off proceedings like application for refund, application for revocation of cancellation of registration, adjudication proceedings of demand notices, etc, where they are performing the functions as quasi-judicial authority.

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GST Officers Unearth Over Rs 35K Cr Fraud In FY'21, Arrest 426 Persons

The crack-down by Directorate General of GST Intelligence and all the Central GST formations against the fraudsters responsible for causing loss to the government exchequer has gained momentum during this month.

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CBIC Streamlines Faceless Assessment For Faster Customs Clearance

The CBIC said that by and large the objectives of Faceless Assessment, which was rolled out pan-India on October 31, 2020, in terms of expeditious assessments, anonymity in assessments and uniformity in assessments have been met.

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QR Code Printing On B2C Invoices By Large Biz Deferred Till Sept 30

QR code printing on B2C invoices by large businesses having an aggregate turnover of over Rs 500 crore was originally envisaged to be rolled out from October 1, 2020.

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Supply Of Food To Pre-Schools, Anganwadis, Mid-Day Meals Exempt From GST

GST is also exempt on input services related to admission to, or conduct of examination, such as online testing service, result publication, printing of notification for examination, admit card and questions papers etc, when provided to such Boards.

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