https://www.taxtmi.com/notifications?id=144846 The amendment inserts a valuation rule deeming specified tobacco and nicotine products to be valued at the retail sale price declared on the package less the applicable tax, with tax computed by the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions establish retail sale price as the maximum declared packaged price including all taxes and address multiple or altered declared prices. The rule takes effect 1 February 2026 and rule 86B is amended to exempt non-manufacturer registered persons for such goods when the supplier paid tax on the retail sale price. en-us Thu, 29 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 18:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=144846 The amendment inserts a valuation rule deeming specified tobacco and nicotine products to be valued at the retail sale price declared on the package less the applicable tax, with tax computed by the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions establish retail sale price as the maximum declared packaged price including all taxes and address multiple or altered declared prices. The rule takes effect 1 February 2026 and rule 86B is amended to exempt non-manufacturer registered persons for such goods when the supplier paid tax on the retail sale price. Notifications GST - States Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=144846