NEW DELHI: The government has set up a new wing under the indirect taxes body to provide intelligence inputs and carry out big data analytics for taxmen for better policy formulation and nabbing evaders.The Directorate General of Analytics and Risk Management (DGARM) will be under the Central Board of Excise and Customs (CBEC), mainly to use internal and external sources for detailed data mining to generate actionable inputs, the revenue department said in an office memorandum. The DGARM, set up on July 1, coinciding with the roll-out of the GST regime, has four verticals headed by an official of rank of additional director general or principal ADG. It will function as an apex body of CBEC for data analytics and risk management, and report to the CBEC chairman.Incidentally, the CBEC is to be renamed as the Central Board of Indirect Taxes and Customs ( CBIC ) after excise duty along with service tax and a dozen other central and state levies were subsumed into GST.“The data analytics and processing coupled with intelligence inputs would inter-alia provide CBEC national and sub-national perspective for policy formulation. A Centre for Business Intelligence and Analytics has also been set up and will be responsible for identification of information requirements of the CBEC. The DGARM will do detailed data mining and analysis to generate outputs for focused and targeted action by field formations and investigation wings of the CBEC.

Source: Economic Times July 13, 2017 10:18 UTC