Good news for consumers! Edible oil prices to go down as govt takes THIS bold move
The announcement comes in the wake of a surge in edible oil prices in India. India is one of the world’s largest vegetable oil importers and relies on imports for 60 per cent of its needs.
May 25, 2022, 07:43 AM IST
GST filing deadline shifted to May – Companies, taxpayers must read THESE points
GST Filing deadline has been extended due to technical glitch in the GST system, for which Infosys was awarded a Rs 1,380 crore.
May 18, 2022, 13:03 PM IST
GST rules changing from today, April 1 --Lakhs of companies in India to be impacted
As per the new rules, companies with turnover of more than Rs 20 crore will have to generate B2B e-invoices.
Apr 01, 2022, 17:05 PM IST
GST rules changing from April 1, to impact lakhs of companies in India
Companies with turnover of more than Rs 20 crore will have to generate B2B e-invoices.
Mar 29, 2022, 13:06 PM IST
File GST returns by Sunday, or else…: CBIC reminds taxpayers about deadline
The department also reminded the taxpayers that they will have to pay an additional late fee and interest for missing the deadline.
Mar 19, 2022, 22:04 PM IST
Don’t share Aadhaar, PAN details without valid reasons, CBIC cautions public of GST fraud
The department said that the information could be misused by fraudsters for GST evasion.
Mar 03, 2022, 18:08 PM IST
Businesses to get reasonable time to explain reasons for mismatch in GSTR-1, 3B
Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before initiating recovery action for short payment or non-payment of taxes.
Jan 09, 2022, 13:54 PM IST
GST returns alert! Businesses defaulting on monthly returns won’t be allowed to file GSTR-1
The GST Council in its Lucknow meeting on September 17 has decided to take a host of measures to streamline compliance, including mandatory Aadhaar authentication for businesses to file refund claims.
Sep 19, 2021, 11:01 AM IST
GST on round papad, not on square one? Tax department busts Harsh Goenka’s claim
Goenka had pointed out that that round papads are exempt from GST while the tax is levied on square shaped papads.
Sep 01, 2021, 20:32 PM IST
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.
Aug 04, 2021, 20:37 PM IST
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.
Jul 24, 2021, 23:36 PM IST
Good news for common man! Tariffs on edible oil import slashed to tame inflated prices
Tax experts said the reduction in tariff value could result in softening of edible oil prices in the domestic market as customs duty payable on the base import price would come down.
Jun 17, 2021, 18:50 PM IST
Good news for businesses! Centre launches GST refund drive to settle claims by THIS date
The special GST refund disposal drive will run from 15 May to 31 May 2021.
May 16, 2021, 06:41 AM IST
Govt waives late fee for delayed filing of March, April GSTR-3B, tax payment
Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees. They would be required to pay a lower 9 percent for these 15 days, after which the rate would be 18 percent.
May 02, 2021, 12:47 PM IST
CBIC defers printing of QR code on B2C invoices till July 1
CBIC had then waived the amount of penalty payable by a registered person for non-compliance with provisions of dynamic QR code in the period till March 31, 2021. Lastly, now the date has been deferred till June 30, 2021.
Apr 02, 2021, 23:23 PM IST
Now e-invoice will be compulsory for business with over Rs 50 crore turnover from April 1
E-invoicing will be extended to companies with turnover over Rs 50 crore from April 1, the Central Board of Indirect Taxes and Customs (CBIC) said in a notification. Under e-invoicing, taxpayers have to generate invoices on their internal systems (ERP/accounting/billing software) and then report them online to the Invoice Registration Portal (IRP).
Mar 09, 2021, 22:37 PM IST
GST annual return filing deadline for FY19 extended till October 31
In May, the government had extended thel ast date for filing annual GST return for 2018-19 by three months till September 2020.
Sep 30, 2020, 15:24 PM IST
CBI arrests former CBIC deputy commissioner, two others in alleged bribery case
As per reports, searches were conducted at the residential premises of accused located at Delhi which led to the recovery of incriminating documents.
Sep 01, 2020, 18:14 PM IST
CBIC enables end to end paperless exports under turant customs
Turant Customs, which has as its main component Faceless Assessment, would be implemented in phases across the entire country by 1st January 2021.
Jun 23, 2020, 16:55 PM IST
CBIC launches e-Office application in CGST, customs offices across India
The e-Office application is developed by the NIC and is supported by the Department of Administrative Reforms and Public Grievances (DARPG).
Jun 15, 2020, 17:46 PM IST