The State Taxes and Excise Department, Government of Himachal Pradesh on March 18, 2026, issued a notification amending Notification No. 49/2023-State Tax, to expand the scope of goods for valuation under section 15(5) of the Himachal Pradesh Goods and Services Tax Act, 2017.
The amendment introduces a new clause covering specified goods such as pan masala, tobacco products, cigars, cigarettes, and related nicotine or inhalation products, where valuation shall be based on the declared retail sale price (RSP). Detailed explanations clarify that RSP includes all taxes and duties, and in cases of multiple or revised prices, the highest or altered price shall be considered for valuation.
The notification also aligns classification with the Customs Tariff Act, 1975 and its interpretative rules. It is deemed to have come into force retrospectively from February 1, 2026.
[Notification No. 19/2025-State Tax]
