MCA Registers Over 1.12 Lakh Companies in FY 2024-25

Extension of Jurisdiction by CBIC: Circular's Impact and Implications The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular extending its jurisdiction in specific matters, with significant implications for businesses. This extension is intended to enhance the CBIC's ability to tackle tax evasion and improve enforcement measures. The circular outlines the scope of the new jurisdiction, the processes involved, and the expected impact on businesses. It also clarifies the legal framework for the extended jurisdiction and its implications on GST and customs law enforcement. Businesses are advised to familiarize themselves with these changes to ensure they remain compliant with the extended jurisdiction and avoid penalties.