te Two days before Budget 2020, indirect taxes body gets new chief | Zee Business

Two days before Budget 2020, indirect taxes body gets new chief

An order issued by the Ministry of Personnel, Public Grievances and Pensions said, "The Appointments Committee of the Cabinet (ACC) has approved the appointment of M. Ajit Kumar, IRS (C&CE 84), as Chairman, Central Board of Indirect Taxes and Customs (CBIC)." Kumar is presently a member of CBIC.

Two days before Budget 2020, indirect taxes body gets new chief
Government has announced a new head for the indirect taxes administration, Photo: Pixabay

Just two days before the Union Budget on Saturday, the government has announced a new head for the indirect taxes administration. In a surprise move, the Central government late on Thursday night said that the Appointments Committee of the Cabinet (ACC) has cleared the appointment of M. Ajit Kumar, a 1984 batch IRS officer, as the Chairman of Central Board of Indirect Taxes and Custorms (CBIC).

An order issued by the Ministry of Personnel, Public Grievances and Pensions said, "The Appointments Committee of the Cabinet (ACC) has approved the appointment of M. Ajit Kumar, IRS (C&CE 84), as Chairman, Central Board of Indirect Taxes and Customs (CBIC)." Kumar is presently a member of CBIC.

The order is signed by Rajeev Lochan, Under Secretary, and a copy is marked to Revenue Secretary Ajay Bhushan Pandey, to whom CBIC reports.

TRENDING NOW

The CBIC Chairman has the challenge to boost Goods and Services Tax (GST) revenues, which have refused to show any significant jump.

In addition, the Budget to be presented on Saturday is expected to signal significant changes in customs duties.

Watch Zee Business live TV below:

The appointment comes on the heels of the closure of the Sabka Vishwas scheme for amnesty and customs and excise duty disputes which netted Rs 38,000 crore.

 

Written By: IANS
Updated: Fri, Jan 31, 2020
11:53 am
New Delhi, IANS
RELATED NEWS
Budget 2023: What is Direct Tax and Indirect Tax? Explained Budget 2023: What is Direct Tax and Indirect Tax? Explained
Budget 2022 Expectations: Centre expected to lower deficit target for FY23 Budget 2022 Expectations: Centre expected to lower deficit target for FY23
Budget in A Minute: What is an indirect tax? How is it different from a Direct tax? Zee Business Managing Editor Anil Singhvi explains! Budget in A Minute: What is an indirect tax? How is it different from a Direct tax? Zee Business Managing Editor Anil Singhvi explains!
Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report
Budget 2018: A case study on GST collections Budget 2018: A case study on GST collections

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x