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of <h1>Deemed GST valuation for pan masala, tobacco and nicotine products under new Rule 31D tied to retail sale price; Rule 86B relief limited.</h1> In the CGST Rules, new rule 31D prescribes a deemed valuation method for specified goods-pan masala and specified tobacco and nicotine products-by treating the value of supply as the declared retail sale price (maximum price on the package), reduced by the applicable GST amount computed by a prescribed formula; where multiple retail sale prices are declared, the highest price applies, and any increased altered price and area-specific prices govern accordingly, resulting in GST being payable on an RSP-based value for these goods. Rule 86B is amended to provide that a registered person other than a manufacturer is exempted from rule 86B restrictions only for such rule 31D goods where the supplier has paid tax on the retail sale price basis, limiting the cash-payment restriction for those supplies.
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