CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has detected Goods and Services Tax (GST) evasion of almost ₹11,000 crore and identified more than 9,300 fake registrations after a special compliance drive over the past two months,…

Nirmala Sitharaman. File | Photo Credit: Reuters The northeastern States have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala…

NEW DELHI: A special drive initiated by the Central Board of Indirect Taxes and Customs (CBIC) to weed out fake accounts registered with GST Network has revealed that nearly a quarter of the identified entities do not exist or have…

“In suspicious cases, persons will be asked to go to an Aadhaar centre to have their biometrics verified.” File image for representation. | Photo Credit: S. Siva Saravanan The Central Board of Indirect Taxes and Customs (CBIC) is working…

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Central Board of Indirect Taxes and Customs (CBIC) is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration,…

A group of top online gaming firms has sent a representation through the Ficci Gaming Committee to the Central Board of Indirect Taxes & Customs (CBIC), urging the body not to hike the GST rate for the sector to 28% from 18% as…

Image used for representative purpose only. | Photo Credit: Getty Images The CBIC has come out with a standard operating procedure (SoP) for scrutiny of GST returns for fiscal 2019-20 onwards under which the analytics unit will identify…

The selection of returns for scrutiny will be done by the Directorate General of Analytics and Risk ManagementGST ASMT-10 is a scrutiny notice that a tax officer would send to an assessee.The CBIC has come out with a standard operating…

The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore by 24 large importers."So far evasion detected is about ₹11,000 crore…