Central Board of Indirect Taxes and Customs

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

CBIC compulsorily retires 22 senior officers on corruption and other charges

In June this year, the CBIC had compulsorily retired 27 high ranking IRS officers including 12 officers from CBDT.

Aug 26, 2019, 11:10 AM 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

Government retires 15 senior officials of Central Board of Indirect Taxes and Customs

The compulsory retirement of the officials has been ordered under Rule 56 (j) of the General Financial Rules of Central Government Services.

Jun 18, 2019, 14:46 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

Government clears pending GST refunds to tune of Rs 38,062 crore till June 16

CBIC had conducted a refund fortnight from May 31 to June 14, which was later extended by 2 days to June 16.

Jun 20, 2018, 22:04 PM IST

GST switchover: Renaming CBEC as CBIC may take a while

Finance Minister Arun Jaitley in late March had approved the re-organisation of field formations of the CBEC for implementation of GST, as per which the body is being renamed as the Central Board of Indirect Taxes and Customs (CBIC).

Jun 25, 2017, 13:11 PM IST