CBIC Notification No. 4/2024 Dated 5th January 2024: Special Reporting Procedure Applicable to Manufacturers of Tobacco, Pan Masala etc
Notification 4/2024: In a significant move to enhance transparency and compliance in the manufacturing sector under GST, the Central Government, exercising its powers under section 148 of the Central Goods and Services Tax Act, 2017, has introduced a new procedure through CBIC Notification 4/2024-CT dated 5th January 2024. This special procedure, effective from April 1, 2024, focuses on reporting requirements for registered persons engaged in the manufacturing of specified goods, such as tobacco and pan masala.
Details of Packing Machines
(i) Furnishing of Packing Machine Details:
Registered persons involved in manufacturing goods specified in the Schedule must provide details of packing machines used for filling and packaging. This information is to be submitted electronically on the common portal within 30 days of the notification coming into effect. For those obtaining registration post-notification issuance, the details are to be furnished within 15 days of registration.
(ii) Additional Machine Installation:
In the case of any new filling and packing machines installed at the registered place of business, the registered person must electronically submit details within 24 hours using PART (B) of Table 6 in FORM GST SRM-I.
(iii) Capacity Changes
If there are changes in the declared capacity of the machines, the registered person is required to update this information within 24 hours on the common portal in Table 6A of FORM GST SRM-I.
(iv) Unique Registration Number:
Upon submission of details in FORM GST SRM-I, a unique registration number will be generated for each machine, providing a streamlined approach to monitoring and compliance.
(v) Declaration to Other Departments:
Registered persons who have declared their production capacity to other government departments or agencies must furnish this information in Table 7 of FORM GST SRM-I within 15 days of such declaration.
(vi) Existing Machines Disposal:
In the event of disposing of existing filling and packing machines, the registered person must electronically submit details within 24 hours on the common portal in Table 8 of FORM GST SRM-I.
Special Monthly Statement
Registered persons are required to submit a special statement for each month in FORM GST SRM-II electronically on the common portal by the 10th day of the following month. This monthly statement will contribute to a more efficient monitoring system.
Certificate of Chartered Engineer
(i) Uploading Certificate:
To ensure the accuracy and transparency of reported information, taxpayers must upload a certificate from a Chartered Engineer in FORM GST SRM-III for the machines declared in Table 6 of FORM GST SRM-I.
(ii) Amended Details:
In case of subsequent amendments to machine details, a fresh certificate from a Chartered Engineer for the amended information must be uploaded.
Note:
(i) Reference Material:
For the schedule of specified goods, Forms SRM-I, SRM-II & SRM-III, and related instructions, please download the official notification from the portal using the provided link at the end of this article.
(ii) Transition from Old Procedure:
The previous reporting procedure, outlined in CBIC Notification No. 30/2023 dated July 31, 2023, has been rescinded/revoked by CBIC through its recent Notification No. 3/2024 dated January 5, 2024 and the same is effective from January 1, 2024.
Conclusion:
This comprehensive approach aims to streamline reporting processes, foster compliance, and facilitate a smoother experience for manufacturers of specified goods under the ambit of the Central Goods and Services Tax Act. Manufacturers are encouraged to familiarize themselves with the new requirements and adhere to the specified timelines for reporting and compliance purpose.
To Download the Notification No. 4/2024-CT CLICK HERE
To refer the related Notification No. 30/2023-CT (Old Reporting Procedure) CLICK HERE
To Refer the related Notification No. 3/2024 (revoking the Old Reporting Procedure) CLICK HERE
To Access the CBIC Notification No. 1/2024-CTR CLICK HERE
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