Cbec

Taxing times of a 'Confrontationist'

Sukumar Mukhopadhyay 's engagingly written memoir, which is full of stories and lessons to be drawn, should be made a compulsory read for all revenue officers

Chatroom: 'Drawback of IGST also available on re-export of imported goods'

This is subject to submission to Customs a certificate from the local GST officer that input tax credit has not been taken, and no refund of such ITC or IGST paid on the goods has been claimed

Karnataka CET 2022 result to be out on July 30; check the details here

Once the KCET 2022 result is released, students can check their result on the official website, kea.kar.nic.in

Will the country finally have an integrated tax surveillance system?

Valuable leads on under-payment of tax have often slipped between CBDT and CBEC, who have been more eager to protect their respective turfs

CBDT, CBIC sign MoU to facilitate exchange of information on regular basis

The finance ministry said important developments such as the incorporation of GST Network and advancement of technology have duly been incorporated in the MoU

CBEC clears some air on refunds under GST, central excise, service tax laws

While processing refund claims on account of zero-rated supplies, the officers must take cognisance of the information contained in Table 9 of Form GSTR-1 of subsequent tax periods

GST collections in line with projections, no shortfall: CBEC chief

Said it was difficult to access target as exporters would take refund, there would be input tax credit refund as well

Shifting to new container e-sealing system in a hurry may hurt trade

CBEC says the exporters should procure the e-seals from vendors conforming to the specific standards

CBEC to be renamed CBIC, restructured in current Parliament session

Officials have adapted well to new GST regime and are in a comfort zone, according to chairperson

GST rollout: CBEC to be renamed CBIC after monsoon session of Parliament

The ambit of CBEC is set to expand post the GST rollout

T N C Rajagopalan: Coordinate when aiming to reform

Central Board of Excise and Customs and the Reserve Bank of India should coordinate better

CBEC to be renamed as Central Board of Indirect Taxes & Customs post GST

The apex policy making body for indirect taxes, CBEC is being rechristened as theCentral Board of Indirect Taxes & Customs (CBIC) in the run up to the Goods and Services Tax regime to be rolled out from July 1. "The Central Board of Excise & Customs (CBEC) is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval," a Finance Ministry statement said. CBIC would supervise the work of all its field formations and directorates and assist the government in policy making in relation to GST, continuing central excise levy and customs functions, it said. "Finance Minister Arun Jaitley has approved the reorganisation of the field formations of the CBEC for the implementation of GST," it added. The existing formations of central excise and service tax under the CBEC have been re-organised to implement and enforce the provisions of the proposed GST Laws, it added. The renamed Directorate General of Goods & Service Tax ...

Taxes under GST 'to increase a bit', says CBEC Chairman

Hasmukh Adhia recently announced that Council has increased the CGST and SGST

CBEC expresses concern, asks tax officers to speed up GST migration

For central excise taxpayers, the process of migration to GST had started since January 20

As GST approaches, CBEC looks at restructuring itself

Amid staff concerns over redundancy in the post-goods and services tax (GST) regime from the coming financial year, the Central Board of Excise and Customs (CBEC) is identifying new areas of work in international customs, risk assessment, post-clearance audits and taxpayer services, among others, to remain relevant.With limited administrative role under GST, the indirect tax department is aiming to redeploy. "There are a lot of areas where maturity of administration needs to go up. We are not able to perform in those due to lack of workforce and resources. GST is one opportunity -- it will free-up manpower to concentrate on important areas like data analysis, intellectual property, risk assessment, etc," said a senior official.There will be new Customs divisions. One on dispute resolution, capacity building and compliance is being deliberated.CBEC administers service tax, Customs duty and excise duty. GST, expected to be rolled out from July 1, will subsume service tax and excise ...

CBEC directs customs officials for random search of vessels

Amid allegations of lackadaisical approach of officers in checking vessels and aircraft

GST will make consumer goods cheaper, boost jobs: CBEC

CBEC said exemption for a majority of small retailers will make products cheaper for consumers

CBEC forms panel to iron out differences over GST

There are a lot of square brackets or what are called unresolved issues with respect to the proposed GST, which may create hassle for the taxpayers

Govt unveils revamped scheme for traders

The Central Board of Excise and Customs clubbed the two existing schemes, the Accredited Clients Programme and the Authorised Economic Operator

FinMin raises monetary limit for filing appeals in tax cases

CBEC has asked officers for going into pre-showcause notice consultation with the assessee