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11. Who has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), succeeding Nitin Gupta?
Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the CBDT, succeeding Nitin Gupta. His appointment extends till June 2025, with a reappointment on a contract basis to ensure continuity in the CBDT’s policy framework. Agrawal's role involves overseeing critical tax policy decisions and managing the Income Tax Department's operations under the Union government's administration.
12. On which date is GST Day observed annually in India?
GST Day is observed on July 1 each year to commemorate the implementation of the Goods and Services Tax (GST) system in India, which was enacted through the Constitution (101st Amendment) Act in 2016. This tax reform aimed to streamline India's tax structure, unify the market, enhance transparency, and foster economic growth by replacing multiple indirect taxes with a comprehensive indirect tax regime.
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