https://www.taxtmi.com/article/detailed?id=15746 The 2025 reforms raise the GST slab for tobacco and pan masala to 40% and replace the GST Compensation Cess with higher basic excise duties and a capacity/weight linked health and security cess; Rule 31D shifts GST valuation from transaction value to Retail Sale Price/MRP, applying a formula to extract tax from the printed RSP and front loading tax collection while supplies outside MRP printing revert to transaction value treatment. en-us Tue, 20 Jan 2026 06:32:28 +0530 Tue, 20 Jan 2026 06:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15746 The 2025 reforms raise the GST slab for tobacco and pan masala to 40% and replace the GST Compensation Cess with higher basic excise duties and a capacity/weight linked health and security cess; Rule 31D shifts GST valuation from transaction value to Retail Sale Price/MRP, applying a formula to extract tax from the printed RSP and front loading tax collection while supplies outside MRP printing revert to transaction value treatment. Articles Goods and Services Tax - GST Tue, 20 Jan 2026 06:32:28 +0530 https://www.taxtmi.com/article/detailed?id=15746