CBEC must aim at 22% growth in service tax collection: Das

Last Updated: Monday, August 24, 2015, 23:15

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

New norms for manual scrutiny of service tax returns from August

Last Updated: Friday, July 17, 2015, 17:03

Central Board of Excise and Customs (CBEC) will start detailed manual scrutiny of service tax returns of assessees based on risk parameters under modified norms from August 1.

Manual scrutiny of Service Tax returns from Aug 1: CBEC

Last Updated: Friday, July 10, 2015, 22:49

The assessees who are subject to service tax audits would not be covered under the detailed scrutiny programme.

Najib Shah likely to be appointed as new CBEC Chairman

Last Updated: Monday, June 29, 2015, 21:03

Senior IRS officer Najib Shah is likely to take over as Chairman of Central Board of Excise and Customs (CBEC), official sources said on Monday.

CBEC to popularise Settlement Commission for resolving tax disputes

Last Updated: Sunday, June 28, 2015, 12:15

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.

Exercise caution while issuing SCNs: CBEC to officials

Last Updated: Sunday, May 24, 2015, 12:08

In a communication, CBEC has said that "sometimes" notices have been issued that were legally unsustainable.

CBEC to set up Directorate of Taxpayer Services

Last Updated: Sunday, April 5, 2015, 13:47

The CBEC is celebrating 2015 as the Year of Taxpayer Services in "recognition of the need to have 'customer focus' in our day-to-day functioning".

Govt slashes tariff value on imported gold; raises on silver

Last Updated: Friday, December 13, 2013, 20:23

The government Friday slashed the import tariff value on gold to USD 398 per ten grams while raising it marginally on silver to USD 643 per kg in line with global trends.

Govt slashes tariff value on imported gold & silver

Last Updated: Friday, November 29, 2013, 20:05

The government Friday slashed the import tariff value on gold and silver to USD 405 per ten gram and USD 642 per kg, respectively, in line with global trends.

India slaps $787 per tonne anti-dumping duty on Chinese paracetamol

Last Updated: Wednesday, October 30, 2013, 15:46

The duty has been slapped on recommendation of the Directorate General of Anti-dumping Duty, which carried out a review of the impact of the levy on its import from China.

Tax Reform Commission to submit first report in 6 mths: Shome

Last Updated: Monday, October 21, 2013, 19:26

Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, held the first meeting Monday and is expected to submit its report in six months.

School bus, canteen, hostel exempt from service tax: Fin Min

Last Updated: Friday, September 20, 2013, 19:41

The Finance Ministry on Friday clarified that "auxiliary educational services" like hostels, canteen and school buses will not attract 12 percent service tax.