FAQs on Form GST SRM-I!

For manufacturers of pan masala and tobacco products, filing Form GST SRM-I is a crucial part of staying compliant with the GST framework. This form was introduced on 05^th January 2024 by way of Notification No. 04/2024 - Central Tax. Filing of Form SRM-I is applicable for manufacturers of Pan Masala and Tobacco taxpayers and is compulsory w.e.f. 15th of May, 2024. This is the form to register the machines in the case of these businesses. Form SRM-I has been live on the portal since 16th May 2024.

Let's understand some common facts about the form!

FAQs > Form GST SRM – I

1. Who is required to file Form GST SRM-I?

All manufacturers of pan masala and tobacco products mentioned in the notification issued by the Government are required to file Form GST SRM-I.

2. Can I file Form GST SRM-I multiple times?

Yes, but taxpayers can file only one form in a day.

3. How can I amend the details of the machine that I have added in Table 6?

Taxpayers can amend the machine details that have already been reported in Table 6 of Form GST SRM-I, by navigating to TABLE 6A – AMENDMENT TO THE DETAILS OF THE MACHINES.
To amend the packing machine details the –taxpayer should provide the registration number of the machine and click on the ‘Amend Record’ button to search for the machine detail in TABLE 6A – AMENDMENT TO THE DETAILS OF THE MACHINES.
Taxpayers can amend the added details after one day of filing Form GST SRM-I and there is no time limit for making amendments.

4. How can I generate the registration number of the machine?

The system auto-generated this after filing SRM I. You can view it by navigating to ‘View filed return,’  which has a ‘Download’ option. The structure of the machine registration number will be GSTIN followed by three digits in sequence. It means that the maximum number of machines that can be registered can be up to 999. The disposed of machine’s unique registration no. cannot be assigned to a newly registered machine.

5. Can we Amend/Dispose of the details filed in Part A and  Part B of Table 6 of Form GST SRM-1?

After filing  SRM-1, the system will generate the registration number of the machine. Taxpayers can use this number for making any amendments/disposal through table 6A or table 8, as the case may be.

Conclusion

Form GST SRM-I is a crucial requirement for manufacturers of pan masala and tobacco products, as outlined by the government. It facilitates the registration and amendment of machine details, ensuring compliance with GST regulations. Taxpayers can file the form multiple times but are limited to one filing per day. Amending machine details or disposing of machines is made possible through specific sections of the form, allowing flexibility in managing machine data.

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