Pan masala and tobacco products valued at retail sale price less tax using a specified formula under GST rules. Value of supply for pan masala and tobacco-related goods is deemed to be the retail sale price declared on packaged goods less the tax amount, calculated by the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate); definitions specify applicable tax, retail sale price inclusivity, treatment of multiple or altered prices, and area-specific declared prices.
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Pan masala and tobacco products valued at retail sale price less tax using a specified formula under GST rules.
Value of supply for pan masala and tobacco-related goods is deemed to be the retail sale price declared on packaged goods less the tax amount, calculated by the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate); definitions specify applicable tax, retail sale price inclusivity, treatment of multiple or altered prices, and area-specific declared prices.
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