??Desk of CA. Praveen Sharma Series- 510??GSTN Advisory: Filing of information by manufacturers of Pan Masala and Tobacco taxpayers
CA. Praveen Sharma (Corporate Trainer)
Chartered Accountant II Taxation Expert II GST MITRA II Speaker II Trainer II Author II Content Creator II Virtual CFO II Research Analyst II Personal Branding Coach II Co-Founder Tax4Wealth ll 91-9871530610
?? Important Advisory for Manufacturers of Pan Masala and Tobacco Products - June 7, 2024
On June 7, 2024, the Goods and Services Tax Network (GSTN) released a crucial advisory for manufacturers of Pan Masala and Tobacco products regarding the submission of specific information. Below are the essential details:
Forms GST SRM-I and GST SRM-II:
- Notification No. 04/2024 – Central Tax has introduced two new forms: GST SRM-I and GST SRM-II.
- GST SRM-I is related to the registration and disposal of machines.
- GST SRM-II is designed to collect information on inputs and outputs for a given month.
- GST SRM-I has been available for machine registration since May 15, 2024.
- Now, Form GST SRM-II is also accessible on the portal for reporting purposes.
Reporting Details:
- Manufacturers of Pan Masala and Tobacco products are required to use Form GST SRM-II.
- Ensure to report the details of inputs and outputs procured and consumed during the relevant month using this form.
Ask with https://taxbotgpt.ai/ for more information.
CA. Praveen Sharma