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ETCFO.com brings latest cbec news, views and updates from all top sources for the Indian CFO industry.Read more about CBEC directs customs officials for random search of vessels on Business-standard. Wholesale Jerseys Amid allegations of lackadaisical approach of officers in checking vessels and aircraftThe Central Board of Excise and Customs (CBEC) has detected good and services tax (GST) evasion amounting to more than Rs 400 crore in a country-wide crackdownThe revenue department will take a slew of measures in the coming months to meet the ambitious growth target of 20% set for indirect taxes this year, which would include steps to realise nearly R1 lakh crore of arrears from excise, customs and service tax, Central Board of Excise and Customs (CBEC) chairperson JM Shanti Sundharam told FECENTRAL GOVERNMENT SERVANTS – All about Central Government Employees and get the latest government DOPT orders.Most of the business entities, especially in iron, steel, coal, automobile dealership and retail, were found to have collected GST but not passed it on to the government.In a bid to reduce and fast track litigations, the Central Board of Excise and Customs (CBEC) has now decided not to file review petitions and special leave petitions against a number of orders of theCBEC has mentioned certain objections raised by the taxpayers in sharing the required information and also suggested ways to counter such resistance.The CBEC in its instruction said that the Supreme Court allows SLP only when there is a substantial question of law of general or public importance or there is manifest injustice resulting from the impugnedorder or judgment.This issue was discussed during the course of consultations with Duty Free Shop operators, said the circular.CBEC notifies theCGST (3rd Amendment) Rules, 2018, mainly to amend/ revise Rules 45, 124, 125, 127, 129, 133, 134, 137 and 138D.CBEC said that the efforts are beginning to show positive results.Read more about CBEC to be renamed CBIC by April on Business-standard. NBA jerseys cheap 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.With excise duty, service tax, along side nearly a dozen other central and state levies being subsumed in the Goods and Services Tax (GST) rolled out from July 1, the ambit of the Central Board of Excise and Customs (CBEC) has widened.In his budget speech for 2018-19, Finance Minister Arun Jaitley said with the roll out of GST the name of CBEC would be changed to CBIC.”Through Finance Bill 2018, we are amending the Central Boards of Revenue (CBR) Act, 1963, as well as the Central Goods and Services Tax Act, 2017, replacing CBEC with CBIC,” a government official told PTI.The official said since the CBR Act provides for constitution of separate boards of revenue for direct taxes and excise and customs, the name of CBEC has to be replaced with CBIC in the Act.Also, the Central …The Finance Act, 2013 has provided Amnesty Scheme for Non Filers and Stop Filers. Notification No. 10/2013 dated 13th May 2013 brings into action the proposed scheme and notified Service Tax Voluntary Compliance Engagement Rules, 2013. The purpose of this scheme is to encourage voluntary compliance and broaden the tax base. F.No.390/Misc./163/2010-JC Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi17th August2011 INSTRUCTION ToThis article discusses in summarized form about 41 notification issued by CBEC in a day to give effect to the decisions of GST Council.Sarkaritel.com,Circular no. 146/02/2021-GST F. No. CBEC-20/16/38/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing *** New Delhi, dated the 23rd February, 2021 To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Directors General /…CORNWALL, Ontario The Cornwall Business Enterprise Centre (CBEC) held their annual launch of their Summer Companies program on Monday, June 28. Due to the COVID-19 pandemic, the event wasNow exporters of services who paid IGST and those making zero rated supplies to SEZ units as well as those merchant exporters who want to claim refunds for input credit can approach their jurisdictional commissioner with their refund form.
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