Section 3 of CBR Act, 1963 : Section 3: Constitution Of Separate Central Boards For Direct Taxes And For Indirect Taxes And Customs

Explanation using Example

Imagine a scenario where the Government of India decides to streamline its revenue collection processes. Instead of having one single entity, it opts to specialize by creating two separate authorities: one to handle direct taxes like income tax and corporate tax, and another to manage indirect taxes like GST and customs duties.

Following Section 3 of The Central Boards of Revenue Act, 1963, the government officially e...

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