New Special GST Returns are introduced in GST for Special Manufacturers in September 2023, but till date these were not available for filing on GST portal because it’s date of implementation was extended 2 times and now from 15th May 2024 these are available for filing on GST Portal
Information from manufacturers of Pan Masala 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.
GST SRM-I : It pertains to registration and disposal of machines.
GST SRM-II: It asks information on inputs and outputs during a month.
To begin with, facility to register the machines have 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.
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