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

Posted by Daily Shipping Times on 27-03-2017        Tweet

NEW DELHI: 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 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.

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.