GST Current Affairs

CBIC develops GST Verify mobile app to protect interest of consumers

The Central Board of Indirect Taxes and Customs (CBIC) has developed mobile app ‘GST Verify’ to protect interest of consumers. It is android app to verify if the person collecting GST from consumer is eligible to collect it or not.

Key Facts

The app provides details of person or company collecting GST. It has been developed by B Raghu Kiran joint commissioner GST Hyderabad and can be used all across the country. It will allow customers to verify their bill if any GST amount mentioned is of genuinely registered person or not. This will help consumers to save the amount shown as tax from fraudster they are cheating them.

Central Board of Indirect Taxes and Customs (CBIC)

CBIC is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India. It is part of the Department of Revenue under Union Ministry of Finance. It is headquartered in New Delhi.

It is one of the oldest government departments of India (established in 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties / land revenue). It was renamed to present name from Central Board of Excise & Customs (CBEC) in March 2017.

CBIC deals with tasks of formulation of policy concerning levy and collection of customs and central excise duties and service tax, prevention of smuggling and administration of matters relating to customs, central excise, service tax and narcotics. It is administrative authority for its subordinate organizations, including Central Excise and Service Tax Commissionerates, Custom Houses and Central Revenues Control Laboratory.

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Explained: Seva Bhoj Yojna

The Union Ministry of Culture has launched Seva Bhoj Yojna, a new scheme to provide financial assistance on purchase of specific food items by Charitable Religious Institutions (CRIs) for free distribution among people. Under this scheme, Centre’s share of Central Goods and Services Tax (CGST) charged on the raw food materials purchased by the religious institutions will be refunded.

Seva Bhoj Yojna

The scheme aims reimburse Central Government share of CGST and Integrated Goods and Service Tax (IGST) of Charitable Religious Institutions (CRIs) who provide food, prasad, langar (Community Kitchen), Bhandara free of cost without any discrimination to public and devotees. This will help to lessen the financial burden of such Charitable Religious Institutions.

Beneficiaries: CRIs such as Temples, Gurudwara, Mosque, Church, Dharmik Ashram, Dargah, Matth, Monasteries etc. having existence for at least five years and serve free food to at least 5000 people  in month. Such institutions will be given grant under the scheme if they are covered under Section 10 (23BBA) of Income Tax (IT) Act or are institutions registered as Society under Societies Registration Act (XXI of 1860) or as Public Trust under any law for time being in force of statuary religious bodies or institutions registered under Section 12AA of IT Act

Selection: All eligible institutions must registered with Darpan portal of Ministry of Culture. The applications will be examined by committee constituted for purpose. On basis of the recommendation of committee, competent authority in Ministry of Culture will register CRIs for reimbursing claim of CGST and Central Government share of IGST paid on mentioned specific items.

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