GST Current Affairs
Union Ministry of Culture 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) and Interstate GST charged on raw food materials purchased by the religious institutions will be refunded.
Seva Bhoj Yojna
The scheme aims to reimburse Central Government share of Central Goods and Services Tax (CGST) and Integrated Goods and Service Tax (IGST) to lessen financial burden of religious and charitable institutions providing food, prasad, langar (Community Kitchen), Bhandara free of cost without any discrimination to public and devotee
Beneficiaries: Religious and charitable institutions 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. Grant will be given to such institutions 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 religious and charitable institutions first must registered with Darpan portal of NITI Aayog and get Unique ID generated by it. Thereafter, they shall enroll themselves in CSMS Portal on the Ministry of Culture’s website in prescribed format. The applications will be examined by committee constituted for purpose. On basis of recommendation of committee, competent authority in Ministry of Culture will register these institutions for reimbursing claim of CGST and Central Government share of IGST paid on mentioned specific items.
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.
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.