CBIC Current Affairs - 2020

Government notification on E-invoicing

The central government comes up with a centralized e-invoicing scheme for business having turnover more than 500 crores. As per the recent scheme, it will be mandatory for all those businesses with a turnover of more than 500 crores to generate all their B2B invoices on a centralized government portal which will go live from Read More…

CBDT and CBIC sign MoU on Data Sharing

On July 21, 2020, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) signed Memorandum of Understanding to exchange data with each other. Highlights The agreement will help to facilitate exchange of information between the boards on regular basis. The agreement signed replaces the former agreement signed between Read More…

Second National GST Conference of Central and State Tax Commissioners held

On January 7, 2020, the second National GST Conference and Central and State Commissioners was held to streamline the Goods and Services Tax. The Revenue Secretary of Ministry of Finance Dr Ajay Bhushan Pandey was the Chairman of the conference Key Takeaways A Committee is to be constituted with central and state officers. The Committee Read More…

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7 December: GST Stakeholder Feedback Diwas

The central and state authorities organised GST (Goods and Services Tax) Stakeholder Feedback Diwas on 7 December 2019. The aim of organizing this event was to get an on-the-spot response and suggestion to the new system for filing GST Returns to be introduced from next fiscal year. The new return form will be made mandatory Read More…

Govt. launches ATITHI app for improved customs clearance

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman launched ‘ATITHI’ app, an IT initiative to facilitate electronic filing of customs baggage and currency declarations by arriving international passengers. About ATITHI app ATITHI app is an easy to use mobile application for international travelers to file Customs declaration in advance. Passengers can use this app Read More…