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Review of custom duty exemptions to be done during full Budget in July: CBIC Chairman

The duty exemption notifications which were expiring on March 31, 2024, have thus been extended to September 30, 2024, Sanjay Kumar Agarwal tells Moneycontrol. ....

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GST revenue to outpace GDP growth till high compliance: CBIC chair

The nominal GDP rate will be dictating growth in GST revenue although presently there is a tax buoyancy above 1, which indicates compliance level is going up, says CBIC chairman Sanjay Kumar Agarwal. ....

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Seizure of smuggled gold up 43% in first half of FY24, says CBIC chairman

In 2022-23, the Indian authorities had seized 3,800 kilogrammes of smuggled gold ....

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cbic: Online gaming companies tax demand in line with legal stand: CBIC chairman

CBIC chair says will implement 28% GST regime after state laws amended, review in 6 months ....

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There's also social angle to e-gaming: Vivek Johri, CBIC

"GST Council s decision of 28% tax is a clarification of government s view that online gaming is an actionable claim, liable to be taxed at 28% on face value. The amendment proposed in GST laws is to further make it clear that "online gaming" is an actionable claim and liable to GST." ....

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