Central Board of Excise and Customs (CBEC) will find a new once Goods and Services Tax (GST) regime kicks off. The new name is Central Board of Indirect Tax (CBIT). This is as per the draft dealing in GST organisational structure prepared by the Centre.
Headed by a secretary-level officer, CBIT will be the apex body to implement the rules, including exemptions and threshold, to be set by the GST Council. GST Council is chaired by Union Finance Minister and has state finance ministers as its members.