New Delhi, March 25:The apex policy making body for indirect taxes, 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.
CBEC to be renamed as CBIC under GST regime
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.
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 of 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 the members of trade and industry.