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The Indian Revenue Service (Customs & Central Excise) (IAST: Bhāratīya Rājasva Sevā), often abbreviated to IRS (Customs & Central Excise) or IRS (Customs & Indirect Taxes), now called IRS(C&IT) is a part of central civil service of the Government of India.
The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of the central government and all the states. The GST is meant to replace a slew of indirect taxes with a federated tax and is therefore expected to reshape the country's $3.5 trillion economy, but its implementation has received criticism.
With effect from 1 April 2017, the Income-tax Act, 1961 has introduced the General Anti-avoidance Rules. The intent of the bringing the said rules is to curb the ill-practices of the tax payers & tax practitioners assisting the tax payers in avoiding the tax where the tax impact of the arrangement or the transactions is more than INR Three ...
Chairperson, Central Board of Indirect taxes and Customs or Chairperson, CBIC is the senior most IRS (C&IT) officer in the Government of India.The Chairperson is the ex officio Secretary to the Government of India and also cadre controlling authority of the Indian Revenue Service (Customs & Indirect Taxes).
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Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude.
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4 in and then it gets filtered by the Rules of 5 Evidence and I -- we get to apply some laws 6 to it, and then you consider that as 7 filtered. Not so when it's on the Internet. 8 We don't know what you're reading there. 9 Some of it's true, but a lot of it is fraud. 10 A lot of it's fake. 11 So that's -- so I'm letting you know