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New board for indirect taxes to become operational from June 1

New board for indirect taxes to become operational from June 1

Monday, March 27, 2017, 6:49 PM

The Central Board of Indirect Taxes and Customs (CBIC), which will replace the current CBEC, will become operational from June 1 in preparation for the Goods and Services Tax (GST) regime. The Central Board of Excise and Customs (CBEC) is presently the top policy-making forum for indirect taxes in the country. The CBIC will become operational from June 1.
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