Monday, June 3, 2024

GST ON PAN MASALA AND TOBACCO

 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. 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 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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