GST anti-profiteering provisions: Not so profitable anymore

One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri. Ilustration: Dominic......

Non ferrous metals: Import duties on aluminum, zinc raised

Budget Provisions Import duty up on Aluminium Custom duty on primary aluminium increased from 5% to 7.5% while Basic Customs Duty on Other aluminium products increased from 7.5% to 10%. Increase......

Non service providers can't claim Cenvat

The revenue department has clarified that a person who is not a service provider but discharges service tax liability on taxable services is not eligible to claim input credit or Cenvat.The......

Swachh Bharat cess: How much more will you have to pay?

The Finance Ministry statement said Swachh Bharat cess will be payable on services which are provided on or after November 15. The Finance Ministry said that service tax on restaurant bills will go......