Excise duty as well as GST is levied on tobacco products.
My query is on what basis is excise duty levied?? I mean on ad valorem basis or on units produced basis??
At what rate is it levied?
what are the monthly compliance required under Excise Act?
Menu
Excise duty on tobacco products (Pan Masala)
Replies (1)
The tax framework has moved away from a simple transaction-based GST model toward a higher-rate (40% GST), MRP-based valuation system with additional specific excise duties and cesses. For machine-packed chewing tobacco and gutkha, taxes are now levied on a capacity-based model, necessitating strict regulatory compliance, including advance payments and CCTV monitoring.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
