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Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Annual direct tax collection target of Rs 13.35 lakh crore! Strat...

Sat, Jan 04, 2020

Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f

CBIC asks officers to meet GST refund target

CBIC asks officers to meet GST refund target

Mon, Sep 02, 2019

In a swift action following Finance Minister Nirmala Sitharaman`s promise to clear all pending GST refunds of micro, small and medium enterprises (MSMEs) within 30 days, Central Board of Indirect Taxes and Customs (CBIC) has prodded its field officers to make "all possible efforts to successfully realise this target."

Government sacks 15 more senior Income Tax officials over corruption charges

Government sacks 15 more senior Income Tax officials over corrupt...

Tue, Jun 18, 2019

Last week, the government had dismissed 12 income tax officials who were facing corruption charges.

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CBIC extends date for filing GSTR 3B for March period - Check new deadline

CBIC extends date for filing GSTR 3B for March period - Check new deadline

Mon, Apr 22, 2019

GSTR 3B filing for March period: The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing GSTR 3B for the period March for three days.

GST refunds worth Rs 54,000 crore cleared during special drive

GST refunds worth Rs 54,000 crore cleared during special drive

Thu, Aug 02, 2018

The government processed pending GST refunds of Rs 54,378 crore during its third refund fortnight from July 16 to 31, it was announced on Wednesday.

GST refund: CBIC to organise third edition of fortnight drive from July 16-30

GST refund: CBIC to organise third edition of fortnight drive from July 16-30

Mon, Jul 16, 2018

In case of IGST refunds for goods exported out of India, the percentage of amount of refund claims disposed by CBIC is lready more than 90 per cent, a finance ministry statement said. "In order to liquidate pendency further, and to handhold/ guide the trade for applying for the refund claims in a proper manner, it has been decided to observe another refund fortnight from July 16 to 30, 2018.

Income Tax dept clears Rs 7,000-cr GST refunds of exporters

Income Tax dept clears Rs 7,000-cr GST refunds of exporters

Sat, Jun 09, 2018

Over Rs 7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing special refund fortnight

GST to be levied on goods stored in customs warehouse only on final clearance: CBIC

GST to be levied on goods stored in customs warehouse only on final clearance: CBIC

Sun, May 27, 2018

The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on goods in customs warehouse only at the time of final clearance

GST Council asks Centre, states to quickly set up appellate authorities

GST Council asks Centre, states to quickly set up appellate authorities

Sun, May 20, 2018

The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the Authority for Advance Rulings (AAR). With AARs in different states started giving rulings since March, it has become imperative for the Centre as well as states to set up the Appellate Authority for Advance Ruling (AAAR), an official said

CBEC renamed as CBIC; Twitter handle updated

CBEC renamed as CBIC; Twitter handle updated

Sun, Apr 01, 2018

Through Finance Bill, 2018, the government amended the Central Boards of Revenue (CBR) Act, 1963, as well as the Central Goods and Services Tax Act, 2017, replacing CBEC with CBIC. The re-organisation of field formations of the CBEC for implementation of GST, and its renaming to CBIC was approved by Finance Minister Arun Jaitley in March last year.

GST switchover: Renaming CBEC as CBIC may take a while

GST switchover: Renaming CBEC as CBIC may take a while

Sun, Jun 25, 2017

Rechristening the Central Board of Excise and Customs (CBEC) may not come about immediately as the revenue department may introduce amendments to at least five Acts only in the upcoming monsoon session next month.

Govt to strengthen CBIC under GST to check tax evasion

Govt to strengthen CBIC under GST to check tax evasion

Wed, May 17, 2017

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

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