look news india
CBIC new guidelines : The Central Government Board of Indirect Taxes and Customs (CBIC) department has taken a major decision in the interest of big industries and big multinational companies. CBIC has issued new guidelines for Central GST (CGST), stating that now regional GST officers will require the approval of State Principal Commissioners before initiating investigation of such industries or companies and imposing duty on goods/services for the first time. Will have to take.
Important points of the guide
- As stated in the guidelines, when GST and DGGI officers are investigating a taxpayer, the field officers will consider the possibility that all relevant matters can be taken up by one office.
- Apart from this, the time limit for completing the investigation within one year has also been fixed by the tax officer.
- If CGST officials want to investigate the affairs of any listed companies or PSUs or seek details from them, they should issue an official circular before sending summons to the designated officers of the concerned entity in the matter.
- The letter should detail the reasons for the investigation and demand the production of evidence within the stipulated time.
- Authorities should not ask taxpayers for information which is already available on the GST portal.
- Authorities should initiate all investigations only after the approval of the Principal Commissioner.