Cbic

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  Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September

  Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.

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  28% GST On Online Gaming Set To Be Implemented From October 1

  The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.

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  4,900 Fake GST Registrations Cancelled, Rs 15,000 Crore Tax Evasion Detected

  GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.

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  GST Not Payable On House Rented To Proprietor For Residential Use

  From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.

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  India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST

  India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.

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  Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says

  The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...

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  Rs 150 Crore Recovered From UP Businessman's Home In Tax Raid

  Tax raids at premises linked to Piyush Jain, a Kanpur businessman who is part of the perfume industry, have recovered more than Rs 150 crore cash, Vivek Johri, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), said.

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  Does Papad Shape Affect GST? Harsh Goenka's Query Answered By Tax Body

  Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.

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  "No GST On Papad, Whatever Its Shape": Tax Body Corrects Harsh Goenka

  Papad, whatever its shape or name, is exempted from GST, the government's indirect taxation agency clarified today after a social media post claimed that a round papad is exempted from the tax while a square variant attracts it.

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  Supply Of Food To Pre-Schools, Anganwadis, Mid-Day Meals Exempt From GST

  Supplying food to schools under mid-day meal scheme, pre-schools and anganwadis is exempt from GST, the Central Board of Indirect Taxes and Customs (CBIC) has said.

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  Union Budget 2019: SIAM Welcomes Government's Cut On Import Duty For Electric Vehicle Components

  The Society For Indian Automobile Manufacturers (SIAM) has welcomed the central government's move to lower the import duty on CKD and SKD of electric vehicle components. The notification issued by the government earlier this week stated that the parts and components for electric vehicles imported in the country will be lowered by 10 to 15 per cent....

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  GST Practitioners Enrollment Exam In December

  Online registration can be done November 16, 2018 onwards on NACIN website. Eligible GSTPs can also register at the official website of Central Board of Indirect Taxes and Customs (CBIC).