Advisory on RSP-Based Valuation for Tobacco Goods

An important advisory has been released to guide taxpayers on the proper reporting of taxable value and tax liability. This specifically pertains to goods valued using the Retail Sale Price (RSP) method.

This guidance is crucial for accurate compliance when generating e-Invoices, e-Way Bills, and filing GSTR-1, GSTR-1A, or utilizing the Invoice Furnishing Facility (IFF).

Taxpayers are encouraged to review the full advisory for detailed information and clarity. You can access the comprehensive advisory document here: Advisory Document

Original Source: https://services.gst.gov.in/services/advisoryandreleases/read/646