What is CBIC?

December 15, 2019 Off By idswater

What is CBIC?

Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance is responsible for formulation of policy relating to levy and collection of Indirect taxes namely, Customs duty, Central Excise duty Central Goods and Service tax.

Is CBIC and Cbec same?

The Central Board of Excise & Customs is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval. For a robust IT Network, the Directorate General of Systems under CBEC is being strengthened.

How do I get a job at CBIC?

How to Apply for Central Board of Indirect Taxes Recruitment 2021 Notification. Go to official website cbic.gov.in. Click on Departmental Officers>> Vacancy Circulars, find & click correct notification. Read the advertisement thoroughly.

Why GST is introduced?

To subsume a majority of the indirect taxes in India There was no unified and centralised tax on both goods and services. Hence, GST was introduced. Under GST, all the major indirect taxes were subsumed into one. It has greatly reduced the compliance burden on taxpayers and eased tax administration for the government.

What is an example of indirect tax?

Indirect taxes are typically added to the prices of goods or services. Sales tax, value-added tax, excise tax, and customs duties are examples of indirect taxes.

What is new name of Cbec?

Central Board of Indirect Taxes & Customs
Ahead of GST implementation, the Finance Minister, Arun Jaitley, has given his nod for the reorganisation of the field formations of the Central Board of Excise & Customs (CBEC). CBEC is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval.

Is CBIC a government job?

About CBIC Recruitment 2021 Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India.

Which is the highest post in Customs?

Hierarchy of Officers under CBIC

Name of Post Pay Band Recruitment
Chief Commissioner/ Director General 75,500 – 80,000 (HAG+) Promotion
Principal Commissioner 67,000 – 79,000 (HAG) Promotion
Commissioner/ Additional Director General/ Joint Secretary PB 4 Promotion
Additional Commissioner/ Additional Director/ Director PB 4 Promotion

What are the 4 slabs of GST?

In India, almost 500+ services and over 1300 products fall under the 4 major GST slabs. These comprise rates of 5%, 12%, 18%, and 28%. The GST Council periodically revises the items under each slab rate to adjust them according to industry demands and market trends.

What does CBIC stand for in health care?

CBIC is conducting a comprehensive job analysis of Infection Prevention in Long-Term Care. As part of this research project, IPs in Long-Term Care are invited to participate in an online survey that will validate the tasks performed in the field and the knowledge needed to perform those tasks competently.

Who are Contractors Bonding and insurance company ( CBIC )?

Contractors Bonding and Insurance Company (CBIC), an RLI company, specializes in surety bonds and niche property and casualty insurance products. CBIC is a strong and stable partner you can count on. Our underwriters have proven experience that enables them to respond quickly to the unique business demands of the industries and customers you serve.

How to make quick payment on CBIC insured portal?

Quick Payment is a fast and easy way to make a payment on your billing account without logging into or creating a user account. You can make a payment with your VISA, MasterCard, Checking or Savings account. Payments are accepted on active bonds and insurance policies. To get started, select the Quick Payment link.

Where do I enter my CBIC policy number?

To get started, select the Quick Payment link. Does your policy number begin with the letters ‘CK’? We have created a new experience for you. Please click https://www.rlicorp.com/billing-payments to access your account. If you have previously registered, enter your email address and password to log on below.