POST #29 – GST ADVISORY UPDATE

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POST #29 – GST ADVISORY UPDATE

📢 GST Advisory Update – 23rd January 2026

RSP-Based Valuation for Notified Tobacco Goods under GST

GSTN has issued an important advisory regarding valuation of notified tobacco goods based on Retail Sale Price (RSP) for correct reporting of taxable value and tax liability.

🔹 Key Highlights:

✔ Valuation will now be based on RSP (Retail Sale Price)
✔ Applicable for reporting in:
• e-Invoice
• e-Way Bill
• GSTR-1 / GSTR-1A / IFF

✔ Special valuation method to be followed for notified tobacco products

🔹 Covered HSN Codes:

• HSN 2106 – Pan Masala
• HSN 2401 – Unmanufactured Tobacco
• HSN 2402 – Cigarettes / Cigars
• HSN 2403 – Manufactured Tobacco
• HSN 2404 – Inhalation Products

🔹 Valuation Method:

Tax Amount = (RSP × GST Rate) ÷ (100 + GST Rate)
Taxable Value = RSP – Tax Amount

⚠️ Correct valuation & reporting is mandatory to avoid mismatch and GST notices.

📌 Advisory applicable from 1st February 2026

—
GSTJIT Advisory
Your GST & Tax Compliance Partner
📧 gstjitadvisory@gmail.com

#GSTUpdate #GSTAdvisory #RSPValuation #TobaccoGST #GSTJITAdvisory #TaxCompliance



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