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The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) formerly known as National Academy of Customs, Excise and Narcotics (NACEN) [3] is the apex civil service training institute of Government of India for capacity building of civil servants in the field of indirect taxation, particularly the areas of customs, GST, central excise, service tax and narcotics control administration.
Induction training of directly recruited Group A officers, Specialized and periodic training to in-service officers, Induction training to group B and C officers, Training to State/UT and other stake holders in the area of indirect taxation, Management and soft skills training for overall personal and professional development of officers,
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices.
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software. [14] [15] In 2020, the company released TallyPrime. [16] [17] In 2022, they introduced TallyPrime Edit Log. [18]
The company experienced a system issue that affected multiple products including account withdrawals, peer-to-peer payment service Venmo, online checkout and crypto. PayPal said the issue, which ...
According to its annual report, NSDC developed an effective network of training partners which includes 302 funded, 115 non-funded and 14 innovation partners as well as 39 operational Sector Skill Councils, and distributed 1453.70 Crore (around US$210 million) funding to the skills training programs through the partnership network.
Image source: Getty Images. The average retirement age in the United States depends on who you ask. For most people, Social Security defines full retirement age as 67 years old, while Medicare ...
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