The Union Finance Minister has approved re-organisation of field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST).
Under it, CBEC will be renamed as the Central Board of Indirect Taxes and Customs (CBIC) after getting required legislative approval.
Key Facts
The existing formations of Central Excise & Service Tax under the CBEC will be re-organised to implement and enforce the provisions of the proposed GST Laws.
The proposed CBIC will 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 & Customs functions.
The CBIC will have 21 Zones, 101 GST Tax payer Services Commissionerates comprising 15 sub-Commissionerates, 768 Divisions, 3969 Ranges, 49 Audit and 50 Appeals Commissionerates.
It will ensure rendering of taxpayer services to all the taxpayers through an indirect tax administration structure by having pan-India presence.
For a robust IT Network, the Directorate General of Systems under CBEC will be expanded for greater out- reach for facilitating smooth transition for the taxpayers to the GST environment.
The existing training establishment will be renamed as National Academy of Customs, Indirect Taxes and Narcotics (NACITN) and shall have an all India presence.
It will enable capacity building to the employees of the indirect tax administration of the Centre as well as of the State Governments and also of Trade and Industry.
The renamed Directorate General of Goods & Service Tax Intelligence will be also strengthened and expanded to become an important wing of the Government in its fight against Tax Evasion and Black Money.
Current Affairs 27th March, 2017 Current Affairs Round Up Bullet Points, February, 2016
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