Weekly newsletter from Chairman, CBIC dated 03/05/2021


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The Chairman's newsletter for May 3rd, 2021, highlights a record-breaking GST revenue collection of Rs. 1,41,384 crore in April 2021, marking the highest monthly collection since GST's inception. This achievement, despite the COVID-19 pandemic's second wave, is attributed to the resilience of Indian trade and industry, timely compliance, and the diligent efforts of CBIC officers. The newsletter also details proactive measures taken by CBIC to assist stakeholders, including dedicated helpdesks for customs clearances and COVID-related imports, and relief measures under GST law such as reduced interest rates and extended deadlines.

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes Customs North Block, New Delhi-110001 Tel. No.: +91-11-23092849, Fax : +91-11-23092890 E-mail : ajit.m@gov.in M. Ajit Kumar, Chairman Date: 3rd May 2021 D.O.No.65/CH(IC)/2020 The gross GST revenue collection of Rs. 1,41,384 crore in April, 2021, has set a new record as the highest ever collection in a month ever since the introduction of GST in the country. GST revenues have not only
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FAQ :

The gross GST revenue collection in April 2021 was Rs. 1,41,384 crore, setting a new record for the highest monthly collection since the introduction of GST.

The CBIC has established a dedicated Helpdesk for customs clearances, a Helpdesk for COVID-related imports via courier, and appointed nodal officers in all Customs Zones to provide assistance to trade. They have also issued notifications exempting Basic Customs Duty and Health Cess on COVID-19 relief materials.

Relief measures announced include reductions in interest rates, waiver of late fees, and extensions for filing GSTR-1, IFF, GSTR-4, and ITC-04.

It is an e-Book compiled by the CESTAT office containing significant orders of the Hon'ble CESTAT from the last 3 years, designed as a useful tool for departmental officers with an easy search facility.

The newsletter mentions the recovery of 2.2 Kgs of cocaine worth Rs. 13.35 crore by DRI, the seizure of 6.4 MTS of Red Sanders valued at Rs. 5 crore by Chennai Sea Customs, and the seizure of 2.7 Kgs of Gold valued at Rs. 1.36 crore by Hyderabad Customs.

This programme is being finalised by DGHRD to guide and standardise field-level responses to the pandemic, outlining support for COVID-affected officers and staff, both serving and retired, in terms of medical aid and humanitarian assistance.

 



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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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