GST: CBIC has notified a special procedure to be followed by a registered person engaged in manufacturing of pan masala and tobacco products for the registration and disposal of packing machines. (09.01.2024)

GST:

The Central Board of Indirect Taxes and Customs (CBIC) has notified a special procedure to be followed by a registered person engaged in manufacturing of pan masala and tobacco products for the registration and disposal of packing machines. The move is aimed at assessing the production and packaging facility of such units to ensure correct GST is paid as the sector is seen to be prone to evasion. The form GST SRM – I, GST SRM – II & GST SRM – III have been notified and need to be filed post registration or before 01/05/2024 whichever is earlier. In accordance with the same the procedure earlier notified by Notification No 30/2023 – Central tax has been revoked.

[Notification No. 03/2024- Central Tax & Notification No. 04/2024- Central Tax] 

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