CBIC

No GST on salaries paid to chief executive officers or employees, says CBIC

The Central Board of Indirect Taxes and Customs (CBIC) clarified on Friday (Novmber 15) clarifies that salaries are not subject to Goods and Services Tax (GST). It further added that no GST has been demanded on salaries paid to chief executive officers or employees.

Nov 15, 2019, 19:28 PM IST

No tax invoice required for goods taken out of India for exhibitions, clarifies CBIC

The clarification comes amidst problems faced by exporters due to the the lack of clarity on the procedure to be followed under GST at the time of taking these goods out of India and at the time of their subsequent sale or return to India.

Jul 22, 2019, 16:23 PM IST

All genuine exporters will get their IGST refunds in timely manner, clarifies CBIC

CBIC has recently instructed its Customs and GST formations to verify the correct availment of input tax credit (ITC) by few exporters who are perceived as “risky” on the basis of pre-defined risk parameters.

Jun 20, 2019, 12:41 PM IST

CBIC notifies exchange rate of foreign currency for imported and export goods

These new rates will be effective from March 21.

Mar 22, 2019, 17:25 PM IST

CBIC clarifies on levy of GST on sales promotion schemes

Samples which are supplied free of cost, without any consideration, not qualify as supply under GST.

Mar 08, 2019, 10:31 AM IST

CBEC to be renamed CBIC by April 2018

Rechristening of the apex indirect tax policy-making body CBEC to Central Board of Indirect Taxes and Customs (CBIC) is likely to happen by April after the budgetary exercise gets Parliament nod.

Feb 04, 2018, 18:40 PM IST