Skip to main content

CBEC gears up for GST roll-out


In the run-up to the goods and services tax (GST) roll-out, the Central Board of Excise and Customs is set for a major revamp with resect to tax intelligence, information technology, risk assessment, post-clearance audit, taxpayer services, among others.

The Board, which is being renamed as the Central Board of Indirect Taxes and Customs (CBIC), will fortify and expand its intelligence wing - directorate general of GST intelligence -- to fight against tax evasion and clamp down on black money.

“There are a lot of areas where maturity of the administration needs to go up. We are not able to perform in those (areas) due to lack of workforce and resources. The GST is one opportunity as it will free up manpower to concentrate on important areas like data analysis, intellectual property, risk assessment, etc,” said a senior government official.

On the fear of redundancy, the official said the growth and promotions of officers would not be affected by the new tax regime. “New work will be carved out. The number of commissionerates will come down, but the number of directorates will go up,” he added.

By the first week of May, the Board will issue notifications about the staff placement. “We will have people in position by June, so assessees will get to know about the tax administration,” he said.

While the number of commissionerates would be cut by a fourth to 101 for the GST, as against 141 for central excise and service tax, the Board is looking to redeploy officers to gain international competence. The number of directorates will go up under the GST regime. For a robust IT network, the directorate general of systems is being strengthened and the directorate general for taxpayer services is being expanded for a greater outreach to facilitate smooth transition. About 60,000 officers have been trained so far.

Every state will be divided into smaller bits called as ‘GST Range’ with 1,000 assessees, and these will be grouped together to form a GST division serving 5,000 assessees. There will be 3,969 such ranges. There is likely to be new divisions under customs. A division on dispute resolution, capacity building and compliance measures is also being deliberated.

The CBEC administers service tax, customs duty and excise duty. The GST, expected to be rolled out from July 1, will subsume service tax and excise duty, which will be jointly administered with states. The Board has raised protest with Finance Minister Arun Jaitley regarding the division of powers with states under the GST.

According to an agreement reached between the Centre and the states in the GST Council meeting, states will administer control over 90% of the taxpayer base whose revenue is less than Rs 1.5 crore and the remaining 10% will be with the Centre. The Board argued that the “skewed division of powers” will leave substantial portion of the workforce without much work. However, Jaitley assured that the new tax regime will generate adequate work opportunities.

The Board is also working on setting up a National Targeting Centre to intercept consignments and carry out risk profiling. It will identify, develop, update and maintain risk parameters in relation to trade, commodities, services and all stakeholders in the domestic supply chain, among other things. There may be a division on data analysis and international customs to work on mutual recognition agreements and free trade agreements with other countries.

The government has put the GST rules in public domain. The GST Council will meet again next month in Srinagar to clear the fitment of GST rates.

The post-clearance audit is another area to be strengthened. “Today, there is a lot of emphasis on improving facilitation levels without inspection and examination. So, there must be simultaneous strengthening of post-clearance audit. If you are opening doors, we should also focus on revenue and security,” said another official.

Business Standard New Delhi, 24th April 2017

Comments

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

  India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem.   “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and