CBIC issued circular related to form SRM I, II, and III

Notification No. 04/2024- Central Tax dated 05th January 2024, all the registered persons engaged in manufacturing the goods mentioned in Schedule to this notification shall furnish the details of packing machines being used for filling and packing of packages in FORM GST SRM-I, electronically on the common portal, within thirty days of coming into effect of this notification. However, some issues are raised by the taxpayers.

Clarifications are provided in this regard by CBIC in Circular No. 208 /2/2024-GST dated 26th June 2024. The following are clarifications:

Notification No. 04/2024- Central Tax dated 05th January, 2024

As per Notification No. 04/2024- Central Tax dated 05th January 2024, all the registered persons engaged in manufacturing the goods mentioned in Schedule to this notification shall furnish the details of packing machines being used for filling and packing of packages in FORM GST SRM-I, electronically on the common portal, within thirty days of coming into effect of this notification.

Following are the due dates for filing FORM GST SRM-I in different cases:

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Conclusion

This circular brings more clarity towards the practical problems faced by the taxpayers manufacturing Pan masala and tobacco and helps them to ease the compliance.

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