Tobacco and nicotine products: valuation set at retail sale price minus applicable tax under new Tripura SGST rule. Tripura inserts Rule 31D deeming the value of supply for specified tobacco and nicotine products to be the declared retail sale price on packaged goods less the amount of tax, with the tax component calculated by: (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions clarify 'applicable tax' and 'retail sale price,' including rules for multiple, altered, or area-specific declared prices. Rule 86B is amended to exempt registered persons other than manufacturers for these goods where the supplier has paid tax on the retail sale price.
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Provisions expressly mentioned in the judgment/order text.
Tobacco and nicotine products: valuation set at retail sale price minus applicable tax under new Tripura SGST rule.
Tripura inserts Rule 31D deeming the value of supply for specified tobacco and nicotine products to be the declared retail sale price on packaged goods less the amount of tax, with the tax component calculated by: (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions clarify "applicable tax" and "retail sale price," including rules for multiple, altered, or area-specific declared prices. Rule 86B is amended to exempt registered persons other than manufacturers for these goods where the supplier has paid tax on the retail sale price.
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