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Govt extends service tax return filing date to Apr 30

The Centre has extended the last date for filing service tax return by five days to April 30, in a relief to lakhs of service providers.

GST: CBEC proposes e-way bill for goods worth Rs 50,000 in transit

GST: CBEC proposes e-way bill for goods worth Rs 50,000 in transit

Moving goods worth more than Rs 50,000 under GST will require prior online registration of the consignment and securing an 'e-way bill' that tax officials can inspect anytime during the transit to check tax evasion.

Taxes under GST ''to increase a bit'', says CBEC Chairman

Taxes under GST ''to increase a bit'', says CBEC Chairman

While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to "increase a bit" from the current level.

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

The inquiry into the probable case of service tax evasion by Goods and Services Tax Network (GSTN) -- which is creating the IT backbone for the new indirect tax regime -- is still on, Central Bureau of Excise and Customs (CBEC) Chairman Najeeb Shah said.

CBEC asks tax officers to speed up GST migration

CBEC asks tax officers to speed up GST migration

The Revenue Department has expressed "serious concern" over delay in migration of excise and service tax assessees to the new GST regime and asked field officers to complete the process by March 31.

Finance Ministry warns employees of action for critising govt policies

Finance Ministry warns employees of action for critising govt policies

The Finance Ministry has warned employees of disciplinary action if they criticise the government or its policies.

India expresses reservations over World Bank report on Doing Business

India expresses reservations over World Bank report on Doing Business

 India has expressed reservations on World Bank's 'Doing Business Report' where it has been ranked 172 amongst 190 countries, Finance Minister Arun Jaitley said Friday.

Centre to share model GST law with states on Tuesday

Centre to share model GST law with states on Tuesday

The Centre will share the draft model GST law with the states on Tuesday as it prepares for the rollout of Goods and Services Tax (GST) from April 1 next year, CBEC Chairman Najib Shah said today.

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.

CCEA clears Rs 2,256 crore project for CBEC's GST integration

CCEA clears Rs 2,256 crore project for CBEC's GST integration

CCEA Wednesday cleared a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help integrate CBEC's system with the GST network before the rollout in April next year.

Cabinet approves new indirect tax network 'SAKSHAM' for GST roll out

Cabinet approves new indirect tax network 'SAKSHAM' for GST roll out

The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.

GST Council to finalise registration, other rules on September 30

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

GST will make consumer goods cheaper, boost jobs: CBEC

GST will make consumer goods cheaper, boost jobs: CBEC

Spelling out benefits of the Goods and Services Tax (GST), the revenue department on Monday said it will make consumer goods cheaper, increase consumption and generate more employment by enhancing economic activity.

 

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

Seeking to strengthen compliance and verification, the CBEC issued  notice to top bollywood movie-makers and actors asking them to divulge the details of their income.

Customs clearances to get paperless from 2017

Customs clearances to get paperless from 2017

Imports will become easier from the next year as the CBEC is planning to go paperless and move towards a completely integrated Customs system for facilitating documentation and fast-tracking clearances of consignments.

Flyers can now buy duty-free goods worth Rs 25,000

Flyers can now buy duty-free goods worth Rs 25,000

Flyers coming in from abroad can buy goods upto Rs 25,000 from duty-free shops in international airports across the country, a five-time jump from the current limit.

Relief for taxpayers: No recovery during pendency of stay

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

Rajasva Gyan Sangam: PM Modi asks tax officers to remove fear of harassment among taxpayers

Rajasva Gyan Sangam: PM Modi asks tax officers to remove fear of harassment among taxpayers

Inaugurating the two-day Rajasva Gyan Sangam at Vigyan Bhavan today, PM Modi asked tax officers to move towards digitisation and make tax administration better and efficient.

 

PM Narendra Modi to inaugurate Rajasva Gyan Sangam today

PM Narendra Modi to inaugurate Rajasva Gyan Sangam today

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' on Thursday.

 

PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'

PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' to be held here on June 16.