Apex policy making body for indirect taxes, CBEC is now to be known as Central Board of Indirect Taxes & Customers in the run up to the GST regime from July 1.
CBEC is being renamed as the Central Board of Indirect Taxes and Customers after getting legislative approval.
CBIC will supervise the work of all field formations and directorates and assist the government in policy making in relation to GST, continuing central excise levy and custom functions.
The existing formations of central excise and service tax under the CBEC have been re-organised to implement and enforce the provisions of the proposed GST Laws, it added.
The renamed Directorate General of Goods & Service Tax Intelligence is also being strengthened and expanded to become an important wing of the government in its fight against tax evasion and black money.
The existing training establishment, to be renamed as National Academy of Customs, Indirect Taxes and Narcotics will have an all-India presence.
This will enable capacity building to the employees of the indirect tax administration of the Centre as well as of the State Governments and to members of Trade and Industry.
GST: Know More- Indirect tax reform GST is expected to curb tax evasion.
- It will make commodities cheaper and add up to 2 per cent to India’s GDP growth.
- GST will subsume excise, service tax, VAT and other local levies.
CBIC
- The CBIC will have 21 zones.
- It will have 101 GST Tax payer Services Commissionerates comprising 15 sub-Commissionerates,
- 768 Divisions, 3,969 Ranges, 49 Audit Commissionerates and 50 Appeals Commissionerates are also included .
