The Central Board of Excise and Customs (CBEC), the apex body of indirect taxes in India is to be renamed as Central Board of Indirect Taxes under the GST regime.
GST, the most discussed and the biggest ever tax reform in India is expected to be implemented from April 1st, 2017. As we know, GSTwill bring all the indirect taxes such as excise, service tax and other local levies into a single platform.
The president has given assent to the GST (Constitutional Amendment) Act. Following this, the government has started to take all possible efforts to implement the GST Act from the next financial year onwards.
As said by a revenue department official, the said organizational structure of GST is being worked out and CBEC will be renamed. In this regard, the Central is planning to restructure thecomposition of the Board.
Reportedly, the CBIT will consist of six members, who will look after Customs, policy and IT, central excise and legal issues, training and litigation. Besides, an additional secretary of the department of revenue, who will be secretary to the GST council, will be a CBIT member for CGST and IGST related matters.
As per the draft blueprint, the entire country will be divided into six regions such as eastern, western, southern, northern, north-eastern and central, which will be headed by Principal-commissioner level officers.
The designation of the Directorate General of Central Excise Intelligence will be changed to Directorate General of Indirect Taxes Intelligence. The power and role of the DGITI seem to be crucial in the GST regime since it aims to provide maximum facilitation and, at the same time, ensure optimum compliance.
It is further proposed to create a new position of DG, Risk Management Centre (RMS), which is to be constituted in order to identify, develop, update and maintain risk parametres in relation to trade, commodities, services and all the stakeholders in the domestic supply chain.
