To nab tax evaders and reduce black money generation, the Central Board of Direct Taxes (CBDT) and Goods and Services Tax Network (GSTN) signed an agreement to facilitate the exchange of data between the two.
The I-T department will share key financial information, including the status of I-T return filings, turnover of business, gross total income, and turnover ratio among others with GSTN, the information technology backbone of the two-year-old indirect tax regime.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important For LIC AAO Mains 2019:
- PC Modi is the present Chairperson of CBDT.
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