1. Anti Profiteering Provisions under GST need better clarity “Profiteering is a pejorative term for the act of making profit by adopting unethical methods.” Section 171 of the CGST Act, requires a registered taxable person to pass on the benefit of every rupee accrued on account of additional input tax credit or reduced tax rate, […]
Tobacco products attracted National Calamity Contingent Duty (NCCD) under erstwhile Central Excise duty regime. CBIC has clarified that NCCD shall continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. This paper is an attempt to understand the legality of imposition of NCCD on products which […]
