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No GST on penal charges levied by banks, NBFCs: CBIC
as PAs fall within the definition of 'acquiring bank'," the CBIC said. The CBIC also clarified that this GST exemption is limited to payment settlement function only, which involves handling of ...
Mint15d
CBIC gives trusted importers greater flexibility in customs clearance
A new CBIC regulation permits accredited importers to manage imported goods at their facilities, easing port congestion and supporting the 'trust first' approach. This initiative is limited to ...
moneycontrol.com29d
CBIC to digitise customs refund process within a month: Chairman Sanjay Agarwal
The Central Board of Indirect Taxes and Customs (CBIC) is set to launch an online system for customs refunds within the next month, furthering its commitment to digitising customs procedures.