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GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

Exporters to get GST refund in bank a/c filed with customs

CBEC has asked exporters to align their bank account details declared to customs with that of GST regime.

13 Oct 2017 4:10 PM IST

The Centre has hiked import duty on edible oils to curb cheaper shipments and boost local prices for supporting farmers and refiners. (Photo: Pixabay)

Govt hikes import duty on edible oils to protect farmers

India imports palm oil mainly from Indonesia and Malaysia and a small quantity of crude soft oil from Latin America.

18 Nov 2017 2:04 PM IST

The finance ministry has said the tax department should file a third appeal in a case only selectively and after a critical examination. (File Photo)

Third appeal in tax cases should be filed selectively: CBEC

The TPRU had suggested that CBEC should not contest a case further, if the issue has been lost in two previous stages of...

14 Nov 2017 8:41 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

Rs 65,000 crore GST credit: CBEC scans high-value claims

GST, which kicked in from July 1, allows tax credit on stock purchased during previous tax regime.

16 Sept 2017 11:34 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Rs 65,000 crore GST credit claims under scanner

CBEC orders thorough verification of claims over Rs 1 crore.

16 Sept 2017 7:14 AM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

Tax authorities to scan transition credit claim of 162 cos

Till last week as many as 70 per cent of 59.57 lakh taxpayers had filed returns.

15 Sept 2017 2:11 PM IST

The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net. Photo: PTI

Raise number of businesses in GST net to 3 crore, Modi tells taxmen

The target was set at the recent second edition of the two-day annual meet of tax officers, which was addressed by Modi.

7 Sept 2017 2:31 PM IST

It also follows two complaints by Qatar to the United Nations about Emirati military aircraft allegedly violating its international airspace amid the diplomatic crisis. (Photo: Representational | AFP)

The price of aircraft & the price of power

The non-manufacturing users and importers are always at the receiving end, except during the times when there is glut in...

23 Feb 2018 2:09 AM IST

USD 1,685.42 per metric tonne has been imposed on import of Phosphorus Pentoxide from China.

Govt slaps anti-dumping duty on import of phosphorus pentoxide from...

It is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical...

8 April 2018 5:48 PM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

CBEC sanctions Rs 12,700-crore GST refund claims

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of...

1 April 2018 11:31 AM IST

Wheat import duty was raised to 10 per cent to curb shipments. (Photo: PTI)

Govt hikes customs duty on wheat to 30 pc to curb cheaper imports

Government's third advance estimate has pegged wheat output at a record 98.61 million tonnes for the 2017-18 crop year.

24 May 2018 12:04 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

CBEC camps from March 15 to fast track GST refunds to exporters

GST Council has also allowed exporters to continue to claim tax exemptions till October 1, 2018.

10 March 2018 5:16 PM IST