Ministry of Corporate Affairs and CBIC sign MoU for exchange of data


The Ministry of Corporate Affairs and Central Board of Indirect Taxes and Customs have signed an MoU for exchange of data for enhancing ease of doing business in India and improving overall regulatory enforcement. Both the organisations will benefit from access to each other’s databases which include details of import-export transactions and consolidated financial statements of companies registered in the country.

The MoU was signed by Joint Secretary, Ministry of Corporate Affairs Manoj Pandey and Additional Director General, CBIC B. B. Gupta. The Corporate Affairs Ministry said, technology and data will play a critical role going forward in fulfilling the Government’s vision of minimum government, maximum governance. It said, the MoU marks the beginning of a new era of cooperation and synergy between the two organisations.

₹ 48,544.06  ₹ 660.68  1.38%  
₹ 14,504.80  ₹ 194.00  1.36%  
₹ 31,771.60  ₹ 979.60  3.18%  
₹ 75.26  ₹ 0.2800  0.37%  
Today is last Date of GSTR-1 GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail Just In:- CBDT Issue clarification Knowledge is Power! Latest Post