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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RSP-Based Valuation of Notified Tobacco Goods under GST: report net sale as taxable value, compute tax per RSP formula</h1> RSP-based valuation for specified tobacco HSNs requires taxable value to be derived from the declared Retail Sale Price (RSP) using a statutory formula that yields a deemed taxable value and tax amount (Tax = RSP × rate / (100 + rate); Deemed taxable value = RSP - Tax). Because existing e-Invoice/e-Way Bill/GSTR systems use a transaction-value model, taxpayers must report the net sale value (actual commercial consideration) in the taxable value field, report tax computed strictly under the RSP formula, and report total invoice value as net sale plus the RSP-based tax. This reporting applies only to the notified HSNs and is to be self-assessed and corrected by taxpayers.
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