https://www.taxtmi.com/news?id=68401 For notified tobacco goods, tax liability must be determined from the RSP using Tax Amount = (RSP x GST rate) / (100 + GST rate) and Deemed Taxable Value = RSP - Tax Amount. Due to transaction-value system validations, taxpayers should report the Net Sale Value (actual commercial consideration) in the taxable value field, report the tax amount computed strictly under the RSP formula, and report Total Invoice Value as Net Sale Value plus the RSP-derived tax amount; these fields are self-assessed and limited to the specified HSNs. en-us Fri, 23 Jan 2026 18:08:53 +0530 Fri, 23 Jan 2026 18:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=68401 For notified tobacco goods, tax liability must be determined from the RSP using Tax Amount = (RSP x GST rate) / (100 + GST rate) and Deemed Taxable Value = RSP - Tax Amount. Due to transaction-value system validations, taxpayers should report the Net Sale Value (actual commercial consideration) in the taxable value field, report the tax amount computed strictly under the RSP formula, and report Total Invoice Value as Net Sale Value plus the RSP-derived tax amount; these fields are self-assessed and limited to the specified HSNs. News - Fri, 23 Jan 2026 18:08:53 +0530 https://www.taxtmi.com/news?id=68401