The indirect tax collection upto November 2016 shows that the net revenue collection are at Rs.5.52 lakh crores, 26.2% more than last year. Central Excise Rs.2.43 lakh crores (Rs.1.69 lakh crores...

Govt has published draft Goods and Services Tax revised model laws and specific rules for registration, payment, refund and returns.

Cir.No.1050/38/2016 Cx (f.N0.207/05/2014Cx 6) dt 8.11.2016 In view of impending implementation of GST it has been decided that the combined annual return form for C.excise and Service tax shall...

Cir.N0.1049/37/2016 Cx (F.N0.267/40/2016 Cx 8) dt. 29.9.16 www.cbec.gov.in Revised monetary limit for adjudication in Cen.Ex and service tax. Supdt upto Rs.10 lakhs, Dy/Asst.commr upto 50...

On 10th October DG Systems (CBEC) and RBI jointly launched online import data processing and monitoring system (IDPMS), as a major trade facilitation measure for reduction in paper work /...

The Finance Bill, 2016 received the assent of the President on 14.5.2016. Consequently, Finance Act (28 of 2016), 2016 has been published in the Gazette of India Extraordinary, Part II,...

Cir.No.1032/20/2016 CX F.No.201/04/2016 CX6 dated 28.6.16 An assessee who conducts busines both as an importer and a First stage Dealer may take only one registration, but it is optional

Draft GST Laws published by Ministry of Finance

Krishi Kalyan Cess @0.5% may be charged on all services enhancing the total Service tax payable to 15% with effect from 1.6.2016. Accounting code 00441509 (Tax receipts), 00441510 (Other...

Extented date of submission of ST3 return for Oct-March 16 to 29.42016