GSTN issued an update on 16th May 2024 that the facility to register the machines has been made available on the GST Portal to file the information in Form GST SRM-I.
This form is applicable for manufacturers of Pan Masala and Tobacco taxpayers and is compulsory w.e.f. 15th of May, 2024.
To know more about Form SRM- I, read our blog Form GST SRM I, II and III are compulsory w.e.f. 15th May 2024!
Information from manufacturers of Pan Masala and Tobacco taxpayers
May 16th, 2024
The government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024. Two forms have been notified vide this notification namely GST SRM-I and GST SRM-II. The former pertains to the registration and disposal of machines while the latter asks for information on inputs and outputs during a month.
To begin with, the facility to register the machines has been made available on the GST Portal to file the information in Form GST SRM-I. All taxpayers dealing in the items mentioned in the said notification may use the facility to file the information about machines. Form GST SRM-II will also be made available on the portal shortly.
Thanks,
Team GSTN
Sr.No. | Case | Due Date |
---|---|---|
1 | Existing registered persons under the GST | 15th May, 2024 |
2 | New registration after this notification i.e. after 15th May 2024 | 15 days from the grant of registration |
3 | Any additional filling and packing machine being installed at the registered place of business | 24 hours of such installation |
4 | If any change is to be made in the declared capacity of the machines | 24 hours of such installation |
The taxpayers manufacturing certain goods are now required to file FORM GST SRM- I, II, and III. Form SRM I is live and other forms will be implemented shortly. Taxpayers shall ensure timely compliance of the same.
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