CBIC to destroy 42,000 kg narcotics on Wednesday

New Delhi, Jun 7 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) would destroy around 42,000 kilogram narcotics at 14 locations, including Guwahati, Mumbai and Siliguri, as part of ‘Drug Destruction Day’ to be observed on Wednesday, the finance ministry said. The Drug Destruction Day would be observed as a part of an… Continue reading CBIC to destroy 42,000 kg narcotics on Wednesday

GST revenues at all-time high of Rs 1.68 lakh cr in April

New Delhi, May 1 (PTI): The GST collection in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 percent from the year-ago period, on improved compliance and recovery in business activity, the Finance Ministry said on Sunday. During the month, 1.06 crore GST returns from GSTR-3B were filed, of which… Continue reading GST revenues at all-time high of Rs 1.68 lakh cr in April

Central excise and service tax officers association seeks timely promotions, writes to MoS Personnel

New Delhi, February 13 (PTI): An association of central excise and service tax officers have written to Minister of State for Personnel Jitendra Singh seeking his intervention in ensuring timely promotions for them. It highlighted the absence of a ”protection clause”, which safeguards the feeder cadre employees against increased residency period for promotion, in existing… Continue reading Central excise and service tax officers association seeks timely promotions, writes to MoS Personnel

Vivek Johri appointed CBIC chairman

New Delhi, November 28 (PTI): Senior bureaucrat Vivek Johri has been appointed as the chairman of the Central Board of Indirect Taxes and Customs (CBIC), an order issued on Sunday by the personnel ministry said. Johri, a 1985-batch Indian Revenue Service (Customs and Indirect Taxes) officer, is currently working as the member in the board.… Continue reading Vivek Johri appointed CBIC chairman

Centre releases Rs 17000 cr as GST compensation to States/UTs

New Delhi [India], November 3 (ANI): The Central Government has released GST compensation of Rs 17,000 crore to states, informed the Ministry of Finance on Wednesday. As per the ministry, the total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is Rs 60,000 crore. As per… Continue reading Centre releases Rs 17000 cr as GST compensation to States/UTs

GST collection surges to Rs 1.30 lakh cr in Oct

New Delhi, November 1 (PTI): Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying. This is the second highest collection of GST since its implementation on July 1, 2017. The tax… Continue reading GST collection surges to Rs 1.30 lakh cr in Oct

Centre released Rs 1,15,000 cr in total current FY to states, UTs to meet GST compensation shortfall

New Delhi [India], October 7 (ANI): The Centre released a total of Rs 1,15,000 crore to states and union territories in the current financial year as back-to-back loan to meet the shortfall in Goods and Services Tax (GST) compensation. The central government on Thursday released a number of Rs 40,000 crore to the states and… Continue reading Centre released Rs 1,15,000 cr in total current FY to states, UTs to meet GST compensation shortfall

GST collection hits 5-month high in Sep at Rs 1.17 lakh cr

New Delhi, October 1 (PTI):  India’s GST collection remained above Rs 1 lakh crore for the third month in a row at over Rs 1.17 lakh crore in September, raising expectations that second half of the year will post higher revenues. The tax collections in September on goods sold and services rendered was 23 per… Continue reading GST collection hits 5-month high in Sep at Rs 1.17 lakh cr

GST panel to consider giving waiver on 1 day interest, late fee

New Delhi, September 21 (PTI): As some taxpayers faced difficulties in filing GST return on Monday, the tax department on Tuesday said the IT grievance redressal committee would consider giving interest and late fee waiver. The Central Board of Indirect Taxes and Customs (CBIC) in a tweet said a few taxpayers have reportedly faced difficulty… Continue reading GST panel to consider giving waiver on 1 day interest, late fee

GST 4th anniversary: FinMin to issue appreciation certificates to 54,439 GST payers

New Delhi, June 30 (PTI): The finance ministry on Wednesday said it will issue certificates of appreciation to over 54,000 GST payers for timely filing of returns and cash payment of the tax, to mark the fourth anniversary of the historic tax reform Goods and Services Tax. More than 66 crore GST returns have been… Continue reading GST 4th anniversary: FinMin to issue appreciation certificates to 54,439 GST payers