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CBIC

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    GST Treatment of Gift Vouchers: CBIC issues Clarification following 55th GST Council Meeting [Read Circular]

    GST Treatment of Gift Vouchers: CBIC issues Clarification following 55th GST Council Meeting [Read...

    Manu Sharma
    CBIC Revises BCD and AIDC Rates for Various Tariff Items like Luxury, Oils, and Veggies [Read Notification]

    CBIC Revises BCD and AIDC Rates for Various Tariff Items like Luxury, Oils, and Veggies [Read...

    Kavi Priya
    GST Interest and Penalty Waiver Scheme u/s 128A: Know Guidelines for Completing Questionnaires in Form SPL-02

    GST Interest and Penalty Waiver Scheme u/s 128A: Know Guidelines for Completing Questionnaires in...

    Navasree A.M
    CBIC Extends Reduced Customs Duty on Yellow Peas Imports Until February 28, 2025 [Read Notification]

    CBIC Extends Reduced Customs Duty on Yellow Peas Imports Until February 28, 2025 [Read Notification]

    Kavi Priya

    CBIC and Finance Ministry’s Top Initiatives: 2024 Year End Recap

    The year of 2024 is passing and there have been a lot of changes and steps taken in the area of indirect taxes by the Ministry of Finance in GST, Customs related areas. The changes were decided...

    Year End Recap - CBIC - Finance Ministry - Finance Ministry’s Top Initiatives - 2024 Year End Recap - taxscan
    Navasree A.M

    Finance Ministry Launches ICEGATE e-Payment Platform for Electronic Collection of Voluntary/Self-Initiated Payments [Read Circular]

    The Ministry of Finance issued Circular No. 27/2024-Customs, dated 23rd December 2024, announcing the launch of the ICEGATE e-Payment Platform for voluntary or self-initiated payments ( SIP ). The...

    Finance Ministry - ICEGATE e payment Platform - e payment Platforms - ICEGATE platform - TAXSCAN
    Kavi Priya

    GST Council proposes Amendment to section 17(5)(d) of CGST Act, 2017

    The Finance Minister, while addressing the nation through the press conference, informed that amendments would be brought to Section 17(5)(d) of the Central Goods and Service Tax Act ( CGST ) 2017. ...

    GST Council proposes Amendment to section 17(5)(d) of CGST Act, 2017
    Saagarika Gopinath

    55th GST Council Sets 18% Tax on Margins for Second-Hand EV Sales

    The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the 55th Goods and Service Tax ( GST ) Council meeting in Jaisalmer, Rajasthan on December 21, 2024. The GST Council...

    55th GST Council Sets 18% Tax on Margins for Second-Hand EV Sales
    Eeva Mary Sanil

    CBIC Imposes Anti-Dumping Duty on Telescopic Channel Drawer Sliders from China [Read Notification]

    The Central Board of Indirect Taxes and Customs ( CBIC ) issued Notification No. 27/2024-Customs ( ADD ) dated 18th December 2024, imposing definitive anti-dumping duties on imports of "Telescopic...

    CBIC - Anti-Dumping Duty - ADD - Anti-Dumping Duty on Drawer Slider - taxscan
    Kavi Priya

    Extension of Jurisdiction by CBIC Circular: Impact and Implication

    Introduction to the CBIC Circular and Its Jurisdictional Changes The Central Board of Indirect Taxes and Customs ( CBIC ), through Circular No. 239/33/2024-GST dated 4th December 2024, has...

    Extension of Jurisdiction by CBIC Circular: Impact and Implication
    Manu Sharma

    CAG Flags High-Risk Taxpayers for Likely Undeclared Turnover to Exploit GST Composition Levy Scheme

    In a recent report, the Comptroller and Auditor General of India ( CAG ) flagged a huge number of high-risk taxpayers who are likely under-declaring their turnover to continue availing benefits under...

    CAG Flags High-Risk Taxpayers for Likely Undeclared Turnover to Exploit GST Composition Levy Scheme
    Kavi Priya

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