The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance marked 2024 with impactful reforms, enhancing the Goods and Services Tax (GST) system in its seventh…
CBIC’s Customs Reforms and Advancements in 2024: Strengthening Transparency, Ease of Doing Business, and Compliance
By: Admin December 25, 2024 Categories: CBIC | Press Release Read Time: 4 Min The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, continues to…
CBIC Enables Voluntary Payment Electronically on ICEGATE e-Payment Platform: A Step Towards Digital Customs Processing
The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 27/2024-Customs on December 23, 2024, introducing voluntary payment through the ICEGATE e-Payment Platform. This initiative aligns with the…
GST on Rides: Platforms and Unions Push for Review of SaaS Model Levy as CBIC Escalates Issue to GST Council
By: AdminDecember 24, 2024Categories: GST Recent News4 Min Read Ride-hailing platforms and drivers' unions are urging the government to review the GST applied to the Software-as-a-Service (SaaS) model. The Central…
CBIC’s Second Nationwide Drive Exposes ₹26,543 Crore GST Evasion
Date: December 19, 2024Category: GST Recent NewsRead Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has unearthed a massive GST evasion of ₹26,543 crore during its…
CBIC Notification: Appointment of Common Adjudicating Authority for DGGI Cases
Issued by: Central Board of Indirect Taxes and Customs (CBIC)Notification Number: 31/2024-Central TaxDate: December 13, 2024 Key Highlights 1. Purpose of the Notification The Central Board of Indirect Taxes and…
Parliamentary Panel Report: One-Third Vacancies in CBDT and CBIC
A recent parliamentary panel report has uncovered a significant workforce shortage in two of India's premier tax authorities—the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect…
Empowerment of Additional/Joint Commissioners for DGGI Notices: Key Highlights
Notification OverviewNotification No. 27/2024-Central Tax, issued by the CBIC on November 25, 2024, amends Notification No. 02/2017-Central Tax. It empowers Additional and Joint Commissioners to adjudicate notices issued by officers…
CBIC Extends Manual Filing of IGCR-3 Statements till January 31, 2025
By: AdminDate: November 22, 2024Category: CBIC | Notification and Circular > CustomsReading Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for manual…
CBIC Clarifies Applicability of Concessional Duty under IGCR Rules, 2022
By: AdminDate: November 22, 2024Category: CBIC | Notification and Circular > CustomsReading Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 26/2024-Customs on…