CBEC to be renamed as Central Board of Indirect Taxes & Customs post GST

For a robust IT Network, Directorate General of Systems under CBEC is being strengthened

CBEC directs customs officials for random search of vessels
Press Trust of India New Delhi
Last Updated : Mar 25 2017 | 11:33 PM IST
The apex policy-making body for indirect taxes, Central Board of Excise & Customs (CBEC) is being rechristened as the Central Board of Indirect Taxes & Customs (CBIC) in the run up to the Goods and Services Tax regime to be rolled out from July 1.

"The Central Board of Excise & Customs (CBEC) is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval," a Finance Ministry statement said.

CBIC would supervise the work of all its field formations and directorates and assist the government in policy making in relation to GST, continuing central excise levy and customs functions, it said.

"Finance Minister Arun Jaitley has approved the reorganisation of the field formations of the CBEC for the implementation of GST," it added.

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.

Indirect tax reform GST is expected to curb tax evasion, 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.

The CBIC will have 21 zones, 101 GST Tax payer Services Commissionerates comprising 15 sub-commissionerates, 768 Divisions, 3,969 Ranges, 49 Audit Commissionerates and 50 Appeals Commissionerates.

"This will ensure rendering of taxpayer services to all the taxpayers through an indirect tax administration structure, having pan-India presence," the statement said.

For a robust IT Network, the Directorate General of Systems under CBEC is being strengthened.

The Directorate General Tax Payer Services is being expanded for greater out-reach for facilitating smooth transition for the taxpayers to the GST environment.

The existing training establishment,to be renamed as National Academy of Customs, Indirect Taxes and Narcotics will have an all-India presence, to 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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 25 2017 | 11:32 PM IST

Next Story