In the Indian Ministry of Finance, the Central Board of Indirect Taxes and Customs (CBIC) assumes a pivotal position as far as managing and regulating the indirect taxation system of the country is concerned. Originating from the colonial India era, today it plays a crucial role in administering indirect taxes like goods and services tax (GST), customs duties, and excise duties. This article explores its history, functions, institutional structure, roles, and major reforms.

GSTR 1 is a monthly or quarterly GST return that details a business's sales and services. It's crucial for accuracy and compliance. Not all businesses need to file, including composition scheme taxpayers, foreign entities, and those with specialized GST numbers. In this article, we break down everything you need to know about GSTR 1, from how to file it, to understanding its format, and staying on top of important deadlines.

Understanding GST rates is important for both businesses and consumers in India. When the GST Council changes these rates, it affects different industries, trade groups, and everyone who buys goods or services. This can lead people and businesses to reassess their financial situations. In this article, you'll learn what GST rates are and find the most recent updates on GST rates in India for 2024.

GST Cess is an additional tax levied by Indian government to enable states cope up with any financial setbacks due to new GST regime. This tax applies to both goods and services sold within a state as well those traded across the state borders. The primary aim of GST Cess is ensuring states do not suffer from loss due changes occasioned by introduction of GST. This article will clarify on where GST Cess is applied, its cost and how it is arrived at.

Export without payment of tax refers to the process where goods are exported from one country to another without the exporter having to pay domestic taxes on the goods being shipped. In this blog we have covered the IGST refund implications in case of export without payment of tax.

Export with payment of IGST (Integrated Goods and Services Tax) refers to the process where an exporter exports goods outside India after paying IGST on the exported goods. When exporting with payment of IGST, the exporter initially pays IGST on the goods or services being exported. Subsequently, the exporter gets the refund of the said amount once he files his GST Returns.

Section 54 of the CGST Act 2017 is designed for refunds to exporters, SEZ suppliers, sellers on e-commerce platforms etc. Refunds can be claimed for taxes paid on exportation of goods or services, zero rated supplies, presumed exports and unused input tax credits (ITC) in exporting under LUT. .Explore the tax refund process under GST's Section 54 of the CGST Act, covering eligibility, application procedure, and time limits.

This guide explains how notices and disputes work under GST (Goods and Services Tax) in India. It covers the basics of GST, its benefits, and what GST disputes are all about. It goes over different kinds of tax disputes, why they happen, who is involved, the types of notices you might receive from the GST department, and how the dispute process works.

The Duty Entitlement Passbook Scheme (DEPB) is a program by the Indian government designed to help exporters. Let us understand the DEPB from DGFT in detail.

Export promotion enables the business to cope with the complexities surrounding the world market. It gives confidence to enterprises that their goods and services will be able to be sold in a foreign country. The Export Promotion Council (EPC) provides essential services, technical advice, and lobbying activities on behalf of its members. Export Promotion Councils strive to increase exports by enabling, aiding, and promoting global trade to benefit the country through economic development and businesses.

The government body responsible for formulating and implementing foreign trade policies in India. DGFT oversees the issuance of export licenses and ensures compliance with export regulations.Directorate General of Foreign Trade (DGFT) In this article we shall explore meaning,Organisational Set up,Objectives and Functions of Directorate General of Foreign Trade (DGFT).

An Export License is like a permission slip from the government that allows certain goods to be exported from India. In this article we shall understand the entire process of getting export license.