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The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
The Chairman of Central Board of Indirect Taxes and Customs (CBIC) is appointed by Appointments Committee of the Cabinet (ACC) which is headed by the Prime Minister of India. As the head of federal indirect tax administration, which touches the life of every Indian, the CBIC Chairperson plays a vital role in management of Indian economy and ...
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Merrick Garland, Biden’s pick for attorney general, is amongst some of the wealthiest cabinet members, with a net worth estimated to be between $7.6 million and $25 million, according to a ...
Elon Musk’s Department of Government Efficiency is seeking access to the Internal Revenue Service’s highly sensitive taxpayer data system, a source familiar with the move tells CNN.
The IRS (Customs and Indirect Taxes) is controlled by a separate statutory body, the Central Board of indirect taxes and Customs (CBIC). The duties of the IRS (C&IT) include formulation and enforcement of policy concerning the Goods and Services Tax, prevention of smuggling and administration of matters related to Customs and Narcotics.
U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged, offering further signs that Americans were growing anxious about ...
Went on to become Member of ITSC R Prasad 2007 - 2008 Went to become Member of Competition Commission of India (CCI) till 2013 P K Mishra 2008 - 2008 Went on to become Chairperson, Adjudicating Authority, Prevention of Money Laundering (PMLA),Ministry of Finance till 2013 R S Mathoda 2008 - 2008 N B Singh 2008 - 2009 S S N Moorthy 2009 - 2010