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Business News » India News

CBEC to be renamed as Central Board of Indirect Taxes and Customs ahead of GST

Reorganisation of the field formations of CBEC for the implementation of GST has been approved by Finance Minister Arun Jaitley. 

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CBEC to be renamed as Central Board of Indirect Taxes and Customs ahead of GST
CBEC is being renamed as the CBIC, after getting legislative approval. Photo: Pixabay
Written By: IANS
Updated: Sat, Mar 25, 2017
03:28 pm
New Delhi, IANS
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Ahead the implementation of much-awaited Goods and Service Tax (GST) regime, the Central Board of Excise and Customs (CBEC) will be reorganised and will be renamed as the Central Board of Indirect Taxes and Customs (CBIC) following Parliamentary approval. 

"Reorganisation of the field formations of CBEC for the implementation of GST has been approved by Finance Minister Arun Jaitley. 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," the Finance Ministry said here in a statement on Saturday. 

"CBEC is being renamed as the Central Board of Indirect Taxes and Customs (CBIC), after getting legislative approval. The proposed CBIC shall, inter alia, 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," the statement said. 

CBIC will have 21 zones, 101 GST taxpayer services commissionerates comprising 15 sub-commissionerates, 768 divisions, 3969 ranges, 49 audit commissionerates and 50 appeals commissionerates, it added. 

"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 taxpayer services is being expanded for greater outreach for facilitating smooth transition for the taxpayers to the GST environment," it added. 

Moreover, the existing training establishment will be renamed as National Academy of Customs, Indirect Taxes and Narcotics and 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.

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TAGS:
Finance MinistryArun JaitleyCentral Board of Indirect Taxes and Customs (CBIC)Central Board of Excise and Customs (CBEC)Goods and Service Tax (GST) regimeNational Academy of CustomsIndirect Taxes and Narcotics
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