Moneycontrol Exclusive: Govt plans overhaul of tax administration for smooth GST rollout

Key points

• The government has readied plans for a major change in India‘s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll-out of a nation-wide goods and services tax (GST).
• Gaurav Choudhurymoneycontrol.com The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll-out of a nation-wide goods and services tax (GST).
• The plan, reviewed by Moneycontrol, includes setting up of empowered GST commissionerates within the CBEC that will be tasked with administering the new tax system.
• GST, billed as India’s most ambitious reforms move, will stitch together a common national market, dismantle fiscal barriers among states and consolidate a patchwork of local and central duties into a single levy.
• The government expects to roll out GST from April 1, 2017. For the purposes of administration,...