Over 1,700 consignments of dangerous goods seized from customs areas in Jan-October

The Finance Ministry said on Monday that the Customs Department has disposed of 1,700 consignments of dangerous goods seized between January and October 2021. Finance Minister Nirmala Sitharaman has directed that the process of settlement be continued to be monitored and expedited, the ministry said in a statement. In addition, they also engage with relevant … Read more

GST officials asked to block tax credit only on the basis of no doubt evidence

The CBIC has issued guidelines on blocking of tax credit by officers of the GST sector, saying it should be on the basis of ‘material evidence’ and not mere ‘suspicion’. The guidelines laid down five specific circumstances in which such credit can be blocked. These include availing credit without an invoice or any valid document, … Read more

CBIC asks GST officials to block ITC only on the basis of evidence and not on suspicion

The CBIC, while issuing guidelines on blocking of tax credits by officers of the GST sector, said such blocking should be on the basis of ‘material evidence’ and not merely ‘suspicion’. The guidelines laid down five specific circumstances in which such credit can be blocked by a senior tax officer. These include availing credit without … Read more