The Ministry of Finance on Monday clarified that the Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963. The ministry was responding to a news report that said Government is considering a proposal to merge the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs.
“This news item is factually incorrect as the Government has no proposal to merge the two Boards created under the Central Boards of Revenue Act, 1963. It has been published without due verification of facts from the competent authorities of Ministry of Finance….,” the ministry said.
“As pointed out in the report, the said merger was one of the recommendations of the Tax Administrative Reforms Commission (TARC). The report of TARC was examined in detail by the Government and this recommendation of TARC was not accepted by the Government”.
The ministry said the news item, published in a leading newspaper, is “completely baseless and unverified”.
