Vivek Johri News
22.07 / 10:39
Digital
Cooper
Progressive
Interface
show
country
social
UN survey gives high score to India’s trade facilitation efforts: CBIC chief
New Delhi: A United Nations survey recognizes India's commitment to global trade facilitation, earning the nation an impressive 93.55% score in 2023, a marked rise from 90.32% in 2021, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said in a weekly newsletter posted on the tax authority's website. The 2023 survey conducted by the UN Economic and Social Commission for Asia Pacific (UNESCAP) considered digital and sustainable trade facilitation across over 140 economies.
13.07 / 20:39
Action
RIG
We'll defend legal position in gaming cases: CBIC Chief
Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said the government will defend its position in all the cases where the games involved betting and gambling. The Goods and Services Tax (GST) Council has clearly stated the intent of taxation and law for the future, he told ET in an interview.
13.07 / 20:19
MET
Platform
Action
Racing
‘Recovery of tax dues from gaming firms after SC order’
NEW DELHI : Goods and services tax (GST) authorities will attempt to recover the tax demands made to a few online gaming platforms, including Gameskraft Technologies Pvt. Ltd only after the Supreme Court (SC) gives its final verdict on the tax dispute, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said in an interview. The GST Council’s decision to clarify that online gaming platforms attract 28% GST seeks to make clear the legislative intent of the tax regime applying to these entities, Johri said.
13.07 / 08:01
COMPOSITE
Want to pay lower GST? Don’t buy popcorn with movie ticket
NEW DELHI: Next time you plan to go to a theatre, make sure you don’t go for any combo package that offers food and beverages along with the movie ticket. While the GST Council has decided to lower the levy on food and beverages sold at theatres to 5% from 18%, the benefit will only accrue if the two are paid for separately. “When bought together, it is treated as a compos
11.07 / 17:25
Provident
Cooper
Racing
COMPOSITE
ICBC
From 5% to 28% GST rates, here are key highlights of 50th GST council meeting
GST Council concluded on Tuesday with the goods and services tax rate trimmed down to 5% in four items. Also, the council exempted GST on several imported pharma products. However, one of the biggest highlights was the 28% tax rate imposed on the full value of online gaming which is likely a setback for Indian players.
10.07 / 14:25
Provident
FIVE
Platform
Racing
Pool
COMPOSITE
50th GST Council to meet on July 11: Online gaming tax, ITC claims among key items on agenda; check details
GST) council at its 50th meeting scheduled for tomorrow, July 11, is likely to deliberate on a host of issues including taxation of online gaming, definition of utility vehicles and tightening of norms for registration and claiming input tax credit (ITC). The GST Council is chaired by finance minister Nirmala Sitharaman and comprises a panel of state representatives.
10.07 / 04:01
Merit
Rationalisation in GST rates should be implemented gradually: CBIC Chairman Vivek Johri
GST) rates will require careful consideration and may need to be implemented gradually. The chairman of the Central Board of Indirect Taxes and Customs (CBIC), in an interview with Moneycontrol, emphasised the importance of revenue efficiency and suggested that rate rationalisation should be approached cautiously to ensure the stability of consolidated revenues. As revenue efficiency improves, as per Johri, there will be a greater scope for accepting rate rationalisation.
02.07 / 10:11
UPS
Provident
Digital
Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing
GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said. Johri further said that the tax authorities are also discussing some more tightening in the GST return filing system to limit the scope of claiming Input Tax Credit (ITC), when taxes have not been paid by suppliers in the supply chain.
01.07 / 12:45
Aware
GST officers bust 304 syndicates involving Rs 25,000 crore fake ITC claims
GST officers have busted 304 syndicates involving 9,000 fake GSTINs and input tax credit (ITC) claims of Rs 25,000 crore in the ongoing drive against bogus firms, CBIC chairman Vivek Johri said on Saturday. The chief of the Central Board of Indirect Taxes and Customs (CBIC) flagged that only 40 per cent of the corporate income taxpayer base is registered under Goods and Services Tax (GST).
01.07 / 05:49
UPS
Digital
Citizens
Manufacturing
Platform
Remark
reform
6 years of GST: India's unprecedented indirect tax reform that dared to revolutionise the economic landscape
July 1, 2017: India woke up to an unprecedented transformation in its tax landscape as the Goods and Services Tax (GST) took center stage, promising to be the answer to demands for a streamlined indirect taxation system for 1.4 billion citizens. With its motto, «One nation, One market, One tax,» GST aimed to bring unity and benefits for all stakeholders, governments, taxpayers, and administrators alike.The giant leap in taxation history: One umbrella for all GST's introduction marked a significant milestone in the history of taxation in India.
10.02 / 07:33
crypto tax
Tax on digital assets could go up, govt mulling GST on crypto mining, supply
GST) on various cryptocurrency transactions including mining of these digital assets. The issue is being examined internally at the Central Board of Indirect Taxes and Customs (CBIC) and a proposal will be taken to the GST Council, CBIC chairman Vivek Johri said. «There are several aspects of the operation which intersect with GST as a tax,» he said in an interview to ET. The budget has proposed a flat 30% capital gains tax on virtual digital currencies beginning April 1, 2022. The levy of GST on other transactions in them could raise the overall incidence of tax on cryptocurrencies.
02.02 / 15:33
regulation
Asia
Taxes
Department
Indian
Crypto tax doesn't legalize trading, says Indian tax department chief
The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.
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