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• Triassic rocks in northern Qiangtang Block include basalts-rhyolites (237–235 Ma). • Basalts were originated from metasomatized mantle sources. • Rhyolites were generated from newly formed basaltic lower crust. • The formation of studied suite was related to Paleo-Tethys oceanic slab subduction. Triassic magmatic rocks are widely exposed in the northern Qiangtang Block in Tibet. However, their petrogenesis and relationship to the evolution of Tethys Ocean are matters of debate. Here we report zircon U-Pb ages, mineral compositions, whole-rock major and trace elements, and Nd isotope for newly reported Triassic volcanics in order to provide constraints on the formation of these rocks in Tethys ocean's evolution. The volcanic suite consists of grey-porphyritic basalts (B1), black-aphyric basalts (B2), and rhyolites. SIMS, LA-ICPMS zircon U-Pb age dating shows that they were erupted at 237–235 Ma. All rocks show no continuous trends in major-element compositions, and are enriched in Light Rare Earth Elements (LREE) relative to heavy REE (HREE) with various Eu-anomalies. Basalts have narrow εNd(t) range (−0.90 to −0.01), slightly higher than those of rhyolites (−4.36 to −0.66). Given similar Nd-isotope and REE patterns, B1 and B2 basalts were probably produced from a common parental magma by mineral accumulation and fractional crystallization during late- and early-stages of magma evolution, respectively. Based on indicative element-ratios of slab-derived materials, we suggest that parental magmas of these basalts were derived by partial melting of metasomatized mantle source with subducted oceanic slab component. Rhyolites were generated by partial melting of basaltic lower-crust as a result of underplating by magma that corresponds to the studied basalts. Given spatial–temporal distribution of Triassic magmatic-metamorphic rocks, and geological background, we suggest that magmatism of studied suite was triggered by northward subduction of the Paleo-Tethys ocean, and recorded late-stage of Paleo-Tethys Wilson cycle. [ABSTRACT FROM AUTHOR]