Government to strengthen CBIC

New Delhi, May 17: As we knew that the GST rollout from July 1, from this perspective, The govt is strengthening the body responsible for detecting tax evasion and will set up two new agencies, including one for business intelligence and analytics.

While coming to matter, Ahead of the planned GST, The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs (CBIC) and will supervise GST and Customs activities and provide the government policy inputs.

The CBIC will be headed by a chairman and will have six members -- for GST; IT, legal and compliance verification; investigation; tax policy; Customs and administration and vigilance.

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

Also, two new directorates are being created. The Directorate General of Analytics and Risk Management (DGARM) will have two verticals for business intelligence and analytics and risk management center to provide perspectives for policy formulation.