Tobacco Goods- GST to be paid on RSP from Feb 1, 2026
Introduction On January 23, 2026, the Goods and Services Tax Network (GSTN) released an important advisory regarding the reporting of taxable value and tax liability under Retail Sale Price (RSP)-based valuation for notified tobacco goods. This update is highly relevant for businesses engaged in the supply of tobacco products, as it directly impacts how invoices, […]