The CBIC issued Instruction No. 29/2023-Customs dated December 12, 2023 regarding the veterinary Health Certificate for the Import of Milk and Milk Products into India.
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The CBIC, Legal Cell issued Instructions vide F.No.275/15/2021-CX.8A dated December 13, 2023, regarding the launch of the SAMAY Application for Timely Litigation Management in CBIC, along with the release of the Online Portal and Guidelines.
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In significant relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has said officers should be more mindful in raising demand in secondment cases and should not apply the Supreme Court ruling in the Northern Operating Systems case “mechanically”. It has also said that Section 74(1) of the GST Act for sending a notice should only be invoked in cases of genuine fraud or evasion of taxes.
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Pidilite Industries Limited disclosed receiving three orders. These orders were issued by the Superintendent at Guwahati-B-10, Guwahati-B, and Guwahati Zone-B, Assam, imposing a cumulative penalty of Rs 49,592.
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About a dozen foreign airlines including British Airways, Etihad, and Emirates that have received Goods and Services Tax (GST) demand notices pertaining to cross charges are likely to pay up the amount and not contest its validity, people aware of the matter said.
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The government will likely collect more Goods and Services Tax (GST) this financial year than it expected to, with a continuous rise in the monthly mop-up suggesting the Budget estimate for 2023-24 could be revised upwards when Finance Minister Nirmala Sitharaman presents the Interim Budget for 2024-25 on February 1, 2024.
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Finance Minister Nirmala Sitharaman on Wednesday introduced a bill in the Lok Sabha to raise the age limit for president and members of GST appellate tribunals.
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CBIC asks GST officers to follow a more nuanced approach in employee secondment cases
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GST implementation was uneven, but we can see the benefits: Raghuram Rajan
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Budget 2024: Government on track to exceed GST collection target for FY24
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Exclusive: Foreign airlines may pay tax in accordance with GST notices, claim rebate
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The State Commercial Taxes Department has recorded a SGST collection of Rs 6,089.89 crore between October 1 and November 30, the festive shopping season.
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As sectors such as online gaming, insurance and airlines, among others, grapple with a flurry of notices over evasion of Goods and Services Tax (GST), a debate has ensued on the processes in place, especially the use of Artificial Intelligence (AI) to detect mismatches in payments.
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The Centre on December 12 said no GST dues of any State are pending before it and that some state governments have not submitted AG’s authenticated certificate for release of their share of funds.
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In yet another case related to Goods and Services Tax (GST) notices on salaries paid to expats by subsidiaries of multinational companies (MNCs), a High Court has provided interim relief to a firm and restrained the authorities from taking coercive measures.
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The Hon’ble Finance Minister, Nirmala Sitharaman, introduced the Central Goods and Services Tax (Second Amendment) Bill, 2023, in the Lok Sabha today, i.e., December 13, 2023. This amendment is necessary as certain provisions of the Central Goods and Services Tax Act, 2017, need alignment with the Tribunal Reforms Act, 2021.
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Industry bodies have urged the GST Council to rationalise GST on the non-alcoholic beverages segment. The industry wants lower GST on agri-based beverages and exemption for packaged drinking water.
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The Life Insurance Corporation of India (LIC) on December 11 said it has received a Goods and Service Tax (GST) notice for Rs 183 crore, which includes pending dues, penalty and interest, from the Telangana arm of the taxation authority.
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Minister of State in the Ministry of Finance Pankaj Singh categorically stated in the Parliament on Monday that maximum retail price (MRP) of products includes Goods and Services Tax (GST), and consumers must not pay any additional charges for it.
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A reference was received from the Ministry of Home Affairs (MHA) for comments regarding disbursement of prize amount of lotteries through formal banking channel and comments in this regard have been sent to MHA. This was stated by Union Minister of State for Finance Dr. Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha on December 11, 2023.
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Lok Sabha Member of Parliament (MP) and popular actor Deepak Adhikari, listed a series of questions regarding Goods and Services Tax (GST) collection from online gaming apps towards the Minister of State (MoS) for Finance, Pankaj Chaudhary during the Lok Sabha session.
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