Quick Summary
Chairman, CBIC Sh. M Ajit Kumar and Sh. P C Modi, Chairman, CBDT, in presence of other Members of both the Boards officials of DG Systems, signed an MoU on data sharing between CBIC CBDT to facilitate smoother bilateral exchange of data. A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and theCentral Board of Indirect Taxes and Customs(CBIC) today, for data exchange between the two organisations. The MoU was signed by Shri Pramod Chandra Mo
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The MoU is designed to facilitate the smoother, automatic, and regular bilateral exchange of data and information between the CBIC and CBDT.
The Memorandum of Understanding was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
Yes, this new MoU supersedes the Memorandum of Understanding that was signed between the CBDT and the erstwhile Central Board of Excise and Customs (CBEC) in 2015.
Significant developments have occurred, including the introduction of GST, the incorporation of GSTN, and the change in the name of the Central Board of Excise and Customs to the Central Board of Indirect Taxes and Customs. Technological advancements have also been incorporated.
Data will be shared on an automatic and regular basis. Additionally, information available in their respective databases can be exchanged on request and spontaneously.
Yes, a Data Exchange Steering Group has been constituted to periodically review the data exchange status and improve the effectiveness of the mechanism.
CAclubindia
