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"cbic"

  • CBIC issues origin declaration norms for India-UK trade pact

    The CBIC issued guidelines for implementing self-certification of origin declarations under the India-UK Comprehensive Economic and Trade Agreement, effective July 15, enabling authentication of declarations to ensure only eligible imports receive preferential tariff benefits
  • Govt monitors e-commerce platforms to ensure GST rate cut benefits reach consumers

    The government is monitoring e-commerce platforms to ensure GST rate cuts on daily essentials are passed to consumers. Authorities are tracking pricing of 54 items, including FMCG products and electronics, amid complaints of inadequate price reductions
  • Centre monitors GST cut benefits on e-commerce platforms

    The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods
  • Providing service to taxpayers is duty of tax officials: FM Nirmala Sitharaman

    Sitharaman highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with “transparency and integrity”
  • Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

    CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters
  • Airlines to share international passengers details with customs

    New Delhi: Airlines will have to mandatorily share PNR details of passengers with customs authorities 24 hours prior to departure of international flights, a move which will help prevent law offenders from fleeing the country. The information, which shall include name, contact details and payment details, will be used by the Customs Department for improved […]
  • Andhra sanctions Rs 1.4K cr to develop state node of CBIC

    The SPV is formed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and National Industrial Corridor Development and Implementation Trust (NICDIT), a statement from APIIC's chief engineer's office said on Friday.
  • Stock markets received Budget with positivity: Nirmala Sitharaman

    She said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship
  • Penalty for non-compliance with QR code provisions waived

    It would be mandatory for businesses to follow the QR code provisions from April 1, 2021 to avail this penalty waiver

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