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GST collection in West Bengal improving with growing economic activities: Official
"The collection of the gross GST (Central GST, State GST, Integrated GST and cess) from centrally-administered assessees in West Bengal stood at Rs 1,212.44 crore in July, while the indirect tax revenues in April and May this year were at Rs 345 crore and Rs 745 crore respectively," the official said.
Customs officials seize 161.94 tonnes of incense sticks from Vietnam at Chennai port
In an attempt to escape paying required taxes, the compa...
Enhanced checks to delay courier imports
Courier imports have been on the radar of authorities after it was found that the route was being mi...
Centralised AAAR put on fast track
Officials said the key issue of allowing all taxpayers to approach the centralised authority and not just those parties that have got conflicting orders in different jurisdictions in a particular case, is being reconsidered.
CBIC asks Customs to check within 48 hours explosives stored in warehouses, ports
Customs authorities and field formations have been directed to verify and confirm within 48 hours that any hazardous and explosive material lying in warehouses and ports across the country meets all safety standards.
I-T dept to share PAN, bank account data with 10 probe, intel agencies under NATGRID
The "furnishing and receiving of information to and from" these central agencies will be done through the NATGRID, a robust mechanism envisaged to track suspects and prevent terrorist attacks with real-time data and access to classified information like immigration, banking, individual taxpayers, air and train travels.
Indian economy could revive sooner than we expect, says Finance Secretary
If the current uptick continues without additional shocks, the sharp contraction forecast by several agencies for the current fiscal won't come to pass, said economic affairs secretary Tarun Bajaj. While direct and indirect tax collections in the June quarter were encouraging, daily e-way bill data also showed a positive trend, raising hopes of a turnaround.
1,377 'risky exporters' who claimed Rs 1,875 cr GST refunds not traceable in principal place of biz
As on date, 7,516 exporters are in the 'risky exporter' list. Out of them, for 2,830 exporters' IGST refund /drawback worth Rs 1,363 crore is suspended. The official further said the government has received adverse reports in respect of 2,197 risky exporters and as many as 10 'star exporters' have claimed Integrated Goods and Services Tax (IGST) refunds.
Centre, state tax officers can take intelligence based enforcement actions for all purposes: CBIC
The communication was issued in response to reference on whether intelligence based enforcement actions initiated by Central Tax officers against tax payers assigned to state tax administration get covered under the provisions of Central GST Act or a specific notification is required for cross-empowerment. Also, whether a notification is needed if conditions are imposed on powers given to the officers.
Apparel industry seeks faster clearance of import consignments from China
While there has been no official instruction on 100% checking of consignments coming from China, Chennai and some other ports began closer scrutiny of Chinese imports a few days ago.
Central Board of Indirect Taxes allows video conferencing for personal hearings under Customs Act
Experts said that the move would help the department transition into the new work culture while also helping in clearing a number of pending cases and also the cases like countervailing duty refund, custom duty refund and other refunds.
CBIC launches e-Office to automate internal file handling
The launch of the application marks a fundamental change in internal office procedures that are so far based on manual handling of files and paper movement.
New GST registrations hit by lockdown: Industry Insider
While several applicants have faced delays going up to a few weeks, some of the applications filed before the lockdown began on March 25 are yet to be issued registration numbers. The issue, which is being faced by taxpayers across different states, has been raised by many businesses with the Central Board of Indirect Taxes and Customs (CBIC).
Ready-to-eat frozen parotas to attract 18 pc GST; 5 pc for plain parotas served in restaurants
Bengaluru-based ID Fresh Foods had approached the Karnataka bench of the Authority of Advance Ruling (AAR) on whether preparation of whole wheat parota and Malabar parota can be classified under Chapter 1905 attracting 5 per cent GST. The AAR in its ruling said that parotas are neither rotis or khakhras and hence cannot be taxed at 5 per cent.
Employ local workers to ensure no dip in production: TN CM Palaniswami
The Chief Minister went on to add that the State government was monitoring the situation closely and would announce more relaxations from the lockdown based on how things progress.