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Central Board of Excise and Customs (CBEC) News

09 Aug 2017

Govt notifies timeline for filing of tax returns under GST

The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, had in June allowed businesses extended timeline for filing final GST returns in forms GSTR-1, GSTR-2 and GSTR-3 for July and August.

30 Jul 2017

Subdued demand may force relook at GST composition scheme

With just about one lakh of 70 lakh businesses opting for GST Composition Scheme, tax authorities are reviewing why the scheme that allowed such entities to pay a fixed 1-5 percent tax, has not clicked.

23 Jul 2017

CBEC officials unhappy with Bengal's e-way bill

The e-way bill system is creating problems to the trade for being a process working in isolation, he said.

21 Jul 2017

Trade facilitation pact to promote doing business, global commerce

Central Board of Excise and Customs (CBEC) Chairperson Vanaja N Sarna said that the agreement would change the global trade scenario and streamline the processes while supplementing India's reform agenda.

21 Jul 2017

Deadline for GST composition scheme extended till Aug 16

To opt for composition scheme, the taxpayer needs to log into his account at the GST Portal www.Gst.Gov.In and select 'Application to opt for the Composition Scheme' under 'Services' menu. They have to fill up the Form GST CMP-01 to opt for the scheme.

21 Jul 2017

GST Council may take up certain tax issues at August meet

Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna also said the department is keeping track of revenue trends post the GST rollout from July 1, but actual positions will be known after returns are filed in September.

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