Central Board Of Indirect Taxes And Customs Cbic
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India Extends Export Relief As Hormuz Crisis Hits Shipments, See Changes
With Iran war showing no signs of de-escalation, India has extended relief measures for exporters.
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'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
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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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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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"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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India Extends Export Relief As Hormuz Crisis Hits Shipments, See Changes
With Iran war showing no signs of de-escalation, India has extended relief measures for exporters.
-
'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
-
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.
-
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.
-
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.
-
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.
-
"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.
-
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.
-
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....
