CBIC exempts goods imported to SEZ from GST compensation cess
CBIC has exempted all goods imported by a unit or a developer in the Special Economic Zone for authorized operations, from the whole of goods and service tax compensation cess leviable thereon.
CBIC redefines criteria to qualify as pre-packaged and labelled products
CBIC has clarified that the supply of agricultural farm produce in package(s) of commodities containing quantity of more than 25 kilogram or 25 litre shall not be considered as a supply made within the scope of expression ‘pre-packaged and labelled’ for GST purposes.
CBIC mounts campaign against frauds committed in the name of Indian Customs
In order to counter frauds through public awareness, Central Board of Indirect Taxes and Customs (CBIC) is mounting a multi-modal awareness campaign.
CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts through PFMS from today, 5th June 2024
Central Board of Indirect Taxes and Customs (CBIC) will electronically disburse duty drawback amount directly to exporter’s bank account in a transparent and efficient manner with effect from today, 5th June, 2024.
CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ in pre-defined format from stakeholders by 26th June 2024
As a part of the pre-legislative consultative process, the draft ‘Central Excise Bill, 2024’ has been uploaded on the website of CBIC [https://www.cbic.gov.in] for inviting suggestions from the stakeholders within 21 days. The suggestions/ comments on the draft Bill in the above format may be sent by email in PDF format.
Guidelines for CGST Field Formations: Enhancing Ease of Doing Business during Investigations
The aim is to balance enforcement activities with maintaining the ease of doing business for regular taxpayers. The Board has emphasized the need for a uniform procedure that respects legal provisions and minimizes disruptions to businesses.
CBIC has mandated importers of base oil/ Lubrication oil/ Used oil to meet EPR obligation under Hazardous and Other Waste (Management and Transboundary Movement) Rules
The producers and importers shall obtain EPR Registration certificate under said rules within 30 days from the date of launch of the EPR portal for registration by CPCB.
Amendment to Time Limit for Furnishing Details of Outward Supplies under Goa
The Government of Goa has issued a notification extending the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the tax period March, 2024, till the twelfth day of April, 2024. This amendment to the Goa Goods and Services Tax Act, 2017, reflects the government’s commitment to providing flexibility and support to registered persons in fulfilling their tax obligations.
Extension of Time Limit for Furnishing Details of Outward Supplies in Karnataka
The notification from the Government of Karnataka, Department of Commercial Taxes, regarding an amendment to the Karnataka Goods and Services Tax Act, 2017, extending the time limit for furnishing details of outward supplies for the tax period of March 2024.
CBIC extends due date to file FORM GSTR-1 for the tax period March, 2024
CBIC vide circular dated 12th April, 2024 has announced that the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the tax period March, 2024, shall be extended till the twelfth day of April, 2024.
