Revenue Secretary Sanjay Malhotra lays foundation stone of New GST Bhawan in Hyderabad
In attendance were members of CBIC (Central Board of Indirect Taxes & Customs), the Chief Commissioner of CGST and Customs, Hyderabad, Director General of HRD, CBIC, along with other senior officers, and the officers and staff of the Hyderabad Zone.
The foundation stone for the New GST Bhawan and residential quarters at Hyderabad for officers and staff of CGST and Customs zone was laid by Revenue Secretary Sanjay Malhotra on Wednesday. In attendance were members of CBIC (Central Board of Indirect Taxes & Customs), the Chief Commissioner of CGST and Customs, Hyderabad, Director General of HRD, CBIC, along with other senior officers, and the officers and staff of the Hyderabad Zone.
The project consists of the construction of one office tower and one residential tower to accommodate the offices of the CGST Zone Hyderabad and to provide residential accommodation for the officers of CBIC.
Revenue Secretary Shri Sanjay Malhotra virtually laid the foundation stone for the New GST Bhawan and Residential Quarters at Hyderabad for officers & staff of CGST and Customs, Hyderabad Zone under CBIC. @cgstcushyd pic.twitter.com/ywhqOSRong
— CBIC (@cbic_india) March 12, 2024
The office tower christened as New GST Bhawan shall cover a built-up area of about 77000 sq meters spread over 2 basements, 4 over ground parking and 21 office floors. Located at one of the most preferred locations near Hitec city, Hyderabad, the New GST Bhawan would house most of the CGST offices of Hyderabad, which are currently running in rented premises. It would accommodate nearly 1500 officers and staff.
The construction, estimated at Rs. 645 crores, will be undertaken by CPWD in EPC mode and is expected to be completed within three years. The project stands as the third-largest infrastructure endeavor of CBIC in terms of monetary investment.
Also Read: Not yet discussed CAA implementation, Cabinet will take a call: Karnataka Home Minister
During the event, the Revenue Secretary commended CBIC for its initiative in providing adequate work and residential spaces while also modernizing trade facilitation. He urged all institutions involved to expedite the construction process to ensure the availability of state-of-the-art facilities at the earliest.
Sandeep Prakash, Chief Commissioner of CGST & Customs, Hyderabad Zone, emphasized that this marks the second infrastructure project launched by the Zone in the past six months, with the first being the construction of Customs House at Shamsabad near the international airport.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:16 PM IST