Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
Inserts rule 31D in the CGST Rules, 2017 to prescribe a deemed valuation method for specified goods (including pan masala and specified tobacco and nicotine-inhalation products): the value of supply is the declared retail sale price (maximum price on the package, inclusive of all taxes and levies) reduced by the applicable GST computed by a prescribed back-calculation formula, with special rules for multiple prices, altered prices, and area-wise prices, thereby fixing the taxable value on an RSP basis for those goods. Amends rule 86B to provide that a registered person other than a manufacturer is exempt from rule 86B only for such specified goods where the supplier has discharged tax on the RSP basis, thereby limiting relaxation from the electronic credit ledger restriction for those supplies. These changes apply from 1 February 2026.
Inserts rule 31D in the CGST Rules, 2017 to prescribe a deemed valuation method for specified goods (including pan masala and specified tobacco and nicotine-inhalation products): the value of supply is the declared retail sale price (maximum price on the package, inclusive of all taxes and levies) reduced by the applicable GST computed by a prescribed back-calculation formula, with special rules for multiple prices, altered prices, and area-wise prices, thereby fixing the taxable value on an RSP basis for those goods. Amends rule 86B to provide that a registered person other than a manufacturer is exempt from rule 86B only for such specified goods where the supplier has discharged tax on the RSP basis, thereby limiting relaxation from the electronic credit ledger restriction for those supplies. These changes apply from 1 February 2026.
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