Central Board of Indirect Taxes and Customs (CBIC)

Trade representatives seek greater support for export sector from Finance Minister

An increase in personal tax exemption and deduction limits and greater support for the exports sector were some of the key demands which were made before Finance Minister Nirmala Sitharaman by the trade and service sector representatives, who met her on Thursday as part of pre-budget consultations.

# Business

Taxman wants more data to drive voluntary compliance

The tax compliance requirements for companies are changing as the tax department wants more information. It will, therefore, be the responsibility of companies to provide all necessary data including detailed information on partners and suppliers.

CBIC chairman releases National Time Release study

Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri presented a set of Time Release Studies (TRS) conducted by the department.