CBIC removes 18% GST on rent from property owners not registered under GST, ET LegalWorld
In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) eliminated 18% GST on rent when they lease premises from property owners not registered under GST. This decision is expected to substantially benefit several restaurants and service providers in the sector. The GST department previously […]
Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST, ET LegalWorld
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the ‘grounds of arrest’ and also obtain a written acknowledgement from them about their understanding of the explanation. […]
GST officers must explain ‘grounds of arrest’ to offenders, obtain acknowledgement: CBIC, ET LegalWorld
GST officers will now have to explain to offenders about the “grounds of arrest” and obtain a written acknowledgement from them, the CBIC said on Monday. Modifying the guidelines for arrest and bail in relation to offences punishable under the GST Act, the Central Board of Indirect Taxes and Customs (CBIC) said: “The grounds of […]
GoM on GST rate rationalisation yet to submit report, GST Council to take final decision: CBIC, ET LegalWorld
The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. In a post on X, the Central Board of Indirect Taxes and Customs (CBIC) said the GST Council, chaired by Union Finance […]
CBIC relaxes norms for Customs Cargo Service Providers, Legal News, ET LegalWorld
The Central Board of Indirect Taxes and Customs (CBIC) Friday reduced insurance requirement for stored custom cargo to five days from 10 days. It also streamlined licence requirement for Customs Cargo Service Providers (CCSPs). This period has been reduced to 5 days, enhancing cash flow for these entities by lowering costs, the finance ministry said […]
CBIC suspends Bengaluru CGST officials arrested by city police for alleged extortion charges, ET LegalWorld
The CBIC on Friday said it has suspended some CGST officials in Bengaluru who have been arrested by the city police for alleged extortion charges. On September 11, Bengaluru City Crime Branch arrested four Central GST officials based on a complaint of kidnapping and extortion filed by a businessman at Byappanahalli police station of Bengaluru […]
Automobile dealers can claim ITC on demo cars used for promoting sales: CBIC, ET LegalWorld
Automobile dealers using demonstration vehicles or demo cars for promoting sales can claim input tax credit (ITC) under the GST law, the CBIC has said. However, no ITC would be available if demo cars are used by dealers for their own purpose during the course of the business. In a circular, the Central Board of […]