__________ is the Apex Institution in the case of Indirect Taxes in India.
The Central Board of Indirect Taxes and Customs (CBIC) is the apex body for central indirect-tax administration in India, responsible for policy and administration relating…
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__________ is the Apex Institution in the case of Indirect Taxes in India.
Answer and explanation
Correct answer D
The Central Board of Indirect Taxes and Customs (CBIC) is the apex body for central indirect-tax administration in India, responsible for policy and administration relating to GST, customs and central excise. By contrast, the CBDT administers direct taxes, the RBI is the central bank, and the MCA regulates corporate affairs.
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Kerala SET (LBS Centre)