Both gradual and sharp decrease in organic and carbonate carbon isotope values were detected across the Permian-Triassic boundary in the Meishan section, Changxing, Zhejiang Province, China. The gradual decrease in organic carbon isotope values started at the bottom of Bed 23, coinciding with the strong oscillations of total organic carbon (TOC) contents, indicates increasing fluxes from carbonate to organic carbon reservoir during this interval. A 2.3‰ sharp drop of inorganic carbon isotope values occurred at the uppermost part of Bed 24e. A 3.7‰ sharp drop of organic carbon isotope values occurred in Bed 26. The dramatic drop of inorganic carbon isotope value of 8‰ reported previously is not confirmed from the unweathered carbonate samples in Bed 27. The large-scale fluctuation of organic carbon isotope values in the Yinkeng Formation reflects different extent of mixing of marine and terrestrial organic matters. The gradual depletion and subsequent sharp drop of carbon isotopes near the Permian-Triassic boundary might indicate complex causes of the end-Permian mass extinction.