Retail sale price valuation applied to specified tobacco and pan masala packaged goods for GST valuation under amended notification. The notification adds clause (iv) prescribing that supplies of specified pan masala and tobacco/nicotine products identified by Customs Tariff entries, when bearing a declared retail sale price on packaged goods, shall be valued for GST on that declared retail sale price; it defines retail sale price to include all taxes and provides rules for multiple, altered or area specific declared prices and applies First Schedule interpretation rules of the Customs Tariff Act.
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Provisions expressly mentioned in the judgment/order text.
Retail sale price valuation applied to specified tobacco and pan masala packaged goods for GST valuation under amended notification.
The notification adds clause (iv) prescribing that supplies of specified pan masala and tobacco/nicotine products identified by Customs Tariff entries, when bearing a declared retail sale price on packaged goods, shall be valued for GST on that declared retail sale price; it defines retail sale price to include all taxes and provides rules for multiple, altered or area specific declared prices and applies First Schedule interpretation rules of the Customs Tariff Act.
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