Srinagar, April 12 -- The Jammu and Kashmir government has introduced a series of amendments to the Goods and Services Tax (GST) framework through multiple notifications, aimed at tightening compliance, revising tax structures, and streamlining procedures.

A key change relates to taxation based on retail sale price (RSP). As per the amended GST Rules, the value of supply for specified goods-including pan masala and tobacco products-will now be calculated as the declared retail sale price minus applicable tax. The move links tax liability directly to RSP, reducing the scope for underreporting.

In a related step, the government, as per the news agency KNO, has amended the GST Act notification to formally bring these goods under the RSP-ba...