Customs Rolls Out Auto-Approval For IFSC Code To Enhance Ease Of Business
The system will automatically approve requests for registration of the same incentive bank account and IFSC code for a particular Importer Exporter Code (IEC) at multiple Customs locations, provided the same combination has already been approved at any one location.
Oct 07, 2025, 19:01 PM IST
CBIC Clears Air On Input Tax Credit: No ITC Reversal Needed On Post-Sale Discounts
According to the circular, when suppliers issue financial or commercial credit notes for discounts, recipients can continue to claim full ITC.
Sep 13, 2025, 19:48 PM IST
Big GST Boost: Fast-Track ITC Refunds In Just 7 Days For Verified Taxpayers, Says CBIC Chairman
According to Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), identified and risk-evaluated taxpayers will now be able to receive GST refunds within seven days—without any officer’s intervention.
Sep 10, 2025, 20:25 PM IST
GST 2.0 Buzz Busted: CBIC Debunks False Social Media Claims
According to the misleading message, the changes would cover areas such as unutilised cess credit, ITC on exempt supplies, and new price adjustment provisions. The CBIC clarified that these claims are factually incorrect and misleading, urging citizens, trade bodies, and businesses to rely only on official notifications, circulars, and FAQs for accurate information.
Sep 08, 2025, 16:44 PM IST
CBIC Denies Viral Claims On GST Transition Benefits From Sep 22, Calls Message Misleading
The board further urged the general public, trade, industry, and other stakeholders to rely only on government-issued notifications, circulars, and FAQs for accurate information.
Sep 07, 2025, 18:01 PM IST
SAIL Gets Accreditation For Authorised Economic Operator
The AEO programme aims at fostering a secure and efficient trading environment in international trade.
Jun 10, 2025, 20:06 PM IST
GST Rule Change 2025: CBIC Makes Changes In Refund Rules; New Rules Applicable From...
In a circular issued on 27 May 2025, the CBIC said that these rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2025 and shall come into force on the date of their publication in the Official Gazette.
May 27, 2025, 12:06 PM IST
GST UPDATE: CBIC Issues Revised Instructions For GST Registration Applications
Several grievances have been received by the CBIC, Department of Revenue, regarding difficulties being faced by applicants during the GST registration process, mainly on account of queries raised by officers on the grounds of seeking additional documents.
Apr 18, 2025, 14:18 PM IST
GST On Apartment Maintenance Not New, Rule Exists Since 2019: Tax Officials
Currently, RWAs are required to collect 18 per cent GST on monthly maintenance charges only if two specific conditions are met: the per-apartment monthly maintenance exceeds Rs 7,500, and the society’s annual turnover is more than Rs 20 lakh.
Apr 14, 2025, 20:35 PM IST
CBIC To Introduce Electronic Processing Of Import, Export Through Personal Carriage By Air Passengers From 1 May 2025 --Check Airport List
A Ministry of Finance release said that the export/import through personal carriage shall be subject to the provisions of Foreign Trade Policy (FTP) 2023 and Handbook of Procedures (HBP), 2023.
Apr 02, 2025, 11:44 AM IST
BIG GST Update: Govt Announces Late Fee Waiver For GSTR-9C Filing Delays
CBIC has announces late fee waiver for GSTR-9C filing delays for the financial years 2017-18 or 2018-19 or 2019-20 or 2020-21 or 202122 or 2022-23.
Jan 24, 2025, 17:08 PM IST
18% GST On Gangajal? Check What The Authority Says
The need for clarity regarding the GST imposed on Gangakjal arose as a result of many media stories claiming that the item was subject to an 18 percent GST.
Oct 12, 2023, 16:46 PM IST
New GST Rule Kicks In From Today, Indian Companies Should Know THIS New Threshold
Starting on today, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Aug 01, 2023, 07:25 AM IST
GST Rules Changing From Tomorrow, Lakhs Of Companies In India To Be Impacted
Starting on August 1, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Jul 31, 2023, 08:08 AM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India --Know What Is Changing
For major businesses with a revenue of more than Rs 500 crore, e-invoicing was initially adopted in 2020.
Jul 24, 2023, 16:28 PM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India
New GST Rules: The Finance Ministry has issued a circular announcing reduction in threshold limit for GST E-invoicing.
May 12, 2023, 10:31 AM IST
CBIC To Conduct 2-Month Special Drive To Weed Out Fake GST Registrations
Currently, there was 1.39 crore taxpayers registered under Goods and Services Tax (GST). The identification of fraudulent GST identification numbers (GSTINs) would be based on detailed data analytics and risk parameters.
May 05, 2023, 19:37 PM IST
New GST rule 2022 notified by govt, to benefit lakhs of companies in India
With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.
Jul 06, 2022, 15:03 PM IST
GST paying companies alert! Changes in monthly GST payment form GSTR-3B? GST Council to decide next week
The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability.
Jun 24, 2022, 13:28 PM IST
Centre waives late fee till June for delayed filing of GST returns under composition scheme
The Central government has waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme.
May 26, 2022, 22:30 PM IST