The government has introduced new information requirements for manufacturers of Pan Masala and Tobacco through Notification No. 04/2024. Two new forms, GST SRM-I and GST SRM-II, have been notified. GST SRM-I, for registering and disposing of machines, is now available on the GST Portal. Form GST SRM-II, which will request details on monthly inputs and outputs, will be available soon.
Information from manufacturers of Pan Masal and Tobacco taxpayers
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 registration and disposal of machines while the later asks information on inputs and outputs during a month.
To begin with, facility to register
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FAQ :
The government has issued a notification to collect specific information from taxpayers who manufacture Pan Masala and Tobacco.
Two new forms have been notified: GST SRM-I for machine registration and disposal, and GST SRM-II for monthly input and output information.
Yes, the facility to register machines and file information in Form GST SRM-I is now available on the GST Portal.
Form GST SRM-II will be made available on the GST Portal shortly.
All taxpayers dealing in Pan Masala and Tobacco, as mentioned in the notification, are required to provide this information.