https://www.taxtmi.com/notifications?id=145057 A new valuation provision deems the value of supply for specified packaged tobacco and nicotine products to be the declared retail sale price less applicable tax, with tax extracted using the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions cover applicable tax and retail sale price, including treatment of multiple, altered, and area specific declared prices. An associated amendment exempts registered persons other than manufacturers from the specified compliance rule when the supplier has paid tax on such goods based on the retail sale price. en-us Tue, 27 Jan 2026 00:00:00 +0530 Fri, 27 Feb 2026 17:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145057 A new valuation provision deems the value of supply for specified packaged tobacco and nicotine products to be the declared retail sale price less applicable tax, with tax extracted using the formula: Tax amount = (Retail sale price x tax rate) / (100 + sum of applicable tax rate). Definitions cover applicable tax and retail sale price, including treatment of multiple, altered, and area specific declared prices. An associated amendment exempts registered persons other than manufacturers from the specified compliance rule when the supplier has paid tax on such goods based on the retail sale price. Notifications GST - States Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145057