NEW DELHI: With the government detecting fraudulent refund claims by exporters, the CBIC has asked customs and GST officers to closely verify the IGST refund claims before sanctioning them.
In a move to cleanse the bureaucracy, the government on Tuesday compulsorily retired 15 senior officials of Central Board of Indirect Taxes and Customs (CBIC) of the rank of principal, additional and Deputy Commissioners.
The first meeting of GST to be chaired by new finance Minister Nirmala Sitharaman on 21 June is expected to take decisions to curb tax evasion.
A vast majority of India's workforce is informally employed - those who work outside of formal establishments, in un-incorporated private enterprises and mostly without any social security benefit.
The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday.
The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday.