Manufacturers of Pan Masala and Tobacco products must now file monthly information regarding their inputs and outputs using the newly released Form GST SRM-II. This follows the notification of two new forms, GST SRM-I and GST SRM-II, by the Central Tax department. While Form GST SRM-I for machine registration is already active, Form GST SRM-II is now available on the portal for reporting monthly production and procurement details.
Filing of information by manufacturers of Pan Masala and Tobacco taxpayers
Please refer to the notification Notification No. 04/2024 - Central Tax dated 05-01-2024 to seek information from taxpayers dealing in the goods mentioned therein. 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. Form GST SRM-I meant for registr
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FAQ :
Form GST SRM-II requires manufacturers of Pan Masala and Tobacco products to report details of inputs and outputs procured and consumed during a specific month.
Manufacturers dealing in the production of Pan Masala and Tobacco products are required to file Form GST SRM-II.
Form GST SRM-I has also been notified, which pertains to the registration and disposal of machines.
Form GST SRM-I has been available on the portal since 15-05-2024 for machine registration.
Both Form GST SRM-I and Form GST SRM-II are available on the relevant tax portal.