The Government of Madhya Pradesh, on February 1, 2026, notified amendments to the Madhya Pradesh Goods and Services Tax Rules, 2017, in exercise of powers under section 164 of the Madhya Pradesh Goods and Services Tax Act, 2017, based on the recommendations of the GST Council.
The amendment inserts a new Rule 31D after Rule 31C, prescribing a special method for valuation of supply of specified goods. Under this rule, the value of supply of goods notified in the prescribed Table shall be deemed to be the retail sale price (RSP) declared on such goods, reduced by the applicable tax amount, notwithstanding other valuation provisions in the Chapter.
This change aims to simplify valuation and ensure uniformity for notified goods where RSP-based assessment is considered appropriate, and it comes into force from 1 February 2026, applying prospectively across the State of Madhya Pradesh.
[Notification No. CT/8/0001/2026-Sec-1-05(CT) (03)]
