Bengaluru, Mar 7: Indian Institute of Management Bangalore (IIMB) has signed two Memorandums of Understanding (MoU) with the Karnataka Government Commercial Taxes Department (CTD), on Wednesday to make tax administration more data driven and professional.
The first MoU is aimed at capacity building programmes for the CTD officers for three years in IIMB and the second is a collaborative MoU for Big Data Analytics for tax administration, according to a IIMB release here on Thursday. In the background of introduction of Goods and Services Tax (GST) in the country, there was a need to upgrade the skills of officers of the CTD to have new orientation towards GST as the new law has been totally IT driven.
After being approached by CTD IN 2018, IIMB has so far given training to 123 senior management-level officers of CTD. The professional approach of IIMB faculty helped CTD realize the objective of capacity building and the State Government granted permission to the Commercial Taxes Department to undertake training for 360 officers for the next three years, with 120 officers per financial year.
IIMB signs MoU with Commercial Tax Dept