Question : CBIC stands for________.
Option 1: Central Bureau of Investigation and Committee
Option 2: Central Board on Issues Related to Caste
Option 3: Central Board of Information and Communication
Option 4: Central Board of Indirect Taxes and Customs
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Correct Answer: Central Board of Indirect Taxes and Customs
Solution : The correct option is the Central Board of Indirect Taxes and Customs .
CBIC stands for Central Board of Indirect Taxes and Customs. It is the nodal government agency responsible for administering and implementing customs, GST (Goods and Services Tax), and other indirect tax laws in India. The CBIC plays a crucial role in revenue collection, policy formulation, and the enforcement of indirect tax laws in the country.
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