Search Results for: CBEC

CBEC field offices observe GST refund fortnight; to clear Rs 150 crore of pending refunds

The CBEC field formations have launched GST refund fortnight beginning Thursday to quickly sanction pending refunds to exporters. As much as Rs 150 crore of Integrated Goods and Services Tax (IGST) refunds are pending for exports though the Cochin port, due to technical errors, said a report in Times of India. The exporters WHO have IGST refund or Input step-down (ITC) claim unfinished with the Central Board of Excise and Customs (CBEC) will visit the sector offices wherever the tax officers can facilitate them. “Attention Exporters – CBEC is perceptive Refund period from fifteen to twenty ninth March, 2018 across all field formations to…

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GST: CBEC fast-tracks IT training of tax officials

The Central Board of Excise and Customs (CBEC) has brought the deadline forward for IT training of officials ahead of the July 1 roll-out of the Goods and Services Tax (GST). Last week, the finance ministry said only 40% of tax officials had been trained on the GST portal run by the GST Network. “Out of 62,937 tax officials, 24,668 have been given hands-on training on the application software on live system while the remaining officials will be trained by…

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Taxes under GST ‘to increase a bit’, says CBEC Chairman

While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to “increase a bit” from the current level. “That is our belief (that the current level of taxation will not lessen at least for first five years). It will be the same, that’s our belief, and it will increase…

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