Tag: Central Board of Indirect Taxes and Customs
CBIC sets temporary concessional tax rates for manufacturers
India’s CBIC temporarily reduces customs duty on goods manufactured by eligible units in special economic zones
CBIC extends export incentives on postal shipments
The Central Board of Indirect Taxes and Customs (CBIC) has announced export incentives for shipments made through postal mode in electronic form
CBIC lowers threshold for e-invoices
The CBIC has announced a significant reduction in the aggregate turnover threshold for e-invoices in a bid to broaden the tax base and promote digital tax compliance
E-invoicing threshold lowered
Businesses falling under the ambit of the goods and services tax (GST) with a turnover of INR100 million (USD1.2 million) are now required to generate e-invoices for their transactions starting 1 October 2022
