7.63x25 Tokarev will fit the Mauser (usually), but is not recommended as it is too powerful for the Mauser. But I think you can find Tokarev brass to reload. The correct bullet diameter for the Mauser is .311". Yahoo has a quite good Broomhandle Mauser forum, and there is a lot of good information there.
The Soviets used the 7.63mm Mauser round as the basis for the 7.62x25mm Tokarev round.
There are two principal differences between the cartridge nominal dimensions:
1. The bullet diameter for the 7.62x25 Tokarev is .308, while the bullet diameter of the 7.63x25 Mauser is .3095; and
2. While the base diameters are identical, the rim diameter on the 7.65x25 Tokarev is only .378", compared to .393" on the 7.63x25 Mauser.
The nominal bullet diameter difference is minimal enough that the sizing die and expander ball in each caliber takes care of it if you interchange the brass form one to the other. Similarly, the .015 difference in rim diameter should not be enough to cause issues in extraction in most firearms.
---
There's lots of confusion about the pressures that each round is loaded to and most of what you'll find on the internet is wrong.
Looking at the CIP standards, the 7.62x25 Tok has a maximum average press of 34,000 CUP compared to 37,000 CUP for the 7.63x25 Mauser. In other words the pressure standard for the Tokarev is in fact lower than the Mauser round, when internet legend usually states it the other way.
Where the issue gets very confusing is in reference to Soviet SMG ammo being loaded to higher pressure than pistol ammo. It's an idea that isn't unreasonable, it's just not correct. Both the British and the Germans loaded some marks of 9mm Parabellum ammo to higher pressures for use in sub machine guns, but the fact is that the Soviets didn't follow that practice during or after the war. Commonality was a big ticket item with the Soviets and they were not inclined to field ammo that would work in one weapon but blow up another.
There is still a large grain of truth to the SMG/7.62x25 Tokarev myth however as the Czech M48 round shared the 7.62x25 Tokarev dimensions but was designed for their Model 24 and Model 26 sub machine guns when they adapted them from 9mm to 7.62x25 Tokarev. The M48 round was loaded to a velocity of 1,800 fps in an 11.2" barrel. The M48 round also generated 1,600 fps in the CZ 52 pistol.
These velocities compare to a velocity of 1,640 fps for the Soviet 7.62x25 Tokarev round in the 10.6" barrel of a PPSh sub machine gun and a velocity of 1,378 fps in the Soviet TT-30 Tokarev pistol, so the M48 round is hotter than Soviet 7.62x25 Tokarev ammo by a couple hundred feet per second in more or less comparable firearms.
Some of the velocity increase in the M48 round is due to the slower powder used, and if you've ever shot a CZ 52 with M48 ammo, you'll probably recall the impressive muzzle flash. However, I'm fairly certain the pressure is also a good bit higher as well and I've seen references as high as 42,000 CUP.
It's worth noting here that the ONLY difference in the Soviet military 7.62x25 Tokarev SMG and pistol ammo is in the packaging - paper wrapped in 70 round versus 16 round packages. However, people see the higher velocity for the SMG and think it's loaded hotter - neglecting to consider that the difference is due to the longer barrel of the PPSh.
----
There's also the bullet diameter difference to consider. The Germans were noted for fielding captured Soviet weapons chambered for 7.62x25 Tokarev, and firing their domestically produced 7.63x25 mm Mauser round in them. So at least for the Tokarev TT-30 pistol and PPSh, it didn't seem to hurt anything.
And of course if you're going the other way, you'll be shooting a .308 Tokarev bullet in a .3095 Mauser barrel, so excessive pressure should not be an issue. Just be sure you're not using Czech M48 ammo as it will destroy a 7.63x25mm Mauser pistol in very short order.
----
When it comes to a C96 however, I would be very careful shooting commercial ammo in it. Whether it's made in the US or in Europe these seems to be some fairly wide variation in 7.63x.25 Mauser / .30 Mauser load levels. I'd use hand loads only, start low and work up until the C96 started to cycle reliably and then stay at that level.