New special returns & procedures under GST
A overview of the New Special Returns and Procedures under GST
In this post, we will discuss the new special returns and procedures under GST for a registered person involved in the manufacturing of certain goods.
The Central Government, based on the Council’s recommendations, hereby informs the following special procedure to be followed by a registered person engaged in manufacturing the goods, namely:
1. Details of Packing Machines
(1) Existing Taxpayers: All existing registered persons engaged in manufacturing the goods mentioned in the Schedule to this notification shall furnish the details of packing machines used for filling and packing of pouches or containers in FORM SRM-I, within 30 days of the issuance of this notification, electronically on the common portal.
2) New Taxpayers: Any person intending to manufacture goods as specified in the Schedule to this notification and who has been granted registration after the issuance of this notification must submit the details of packing machines used for filling and packing pouches or containers in FORM SRM-I to the common portal within 15 days of such registration.
(3) Additional Machine: The details of any additional filling and packing machine being installed in the registered place of business will be provided electronically on the common portal by the said registered person within 24 hours of such installation in PART (B) of Table 6 of FORM GST SRM-I.
If a modification is to be made in the declared capacity of the machines, the same shall be given electronically on the common portal by the said registered person within twenty four hours of such change in Table 6A of FORM GST SRM-I.
(4) Unique ID: Upon submitting such details in FORM GST SRM-I, a unique registration number shall be generated for each machine, whose details have been supplied by the registered person, on the common port.
(5) If the registered person has submitted or declared the production capacity of his manufacturing unit or machines to any other government department, agency, or organisation, the same must be provided by the registered person in Table 7 of FORM GST SRM-I on the common portal within 15 days of filing said declaration or submission:
Provided that where the said registered person has submitted or declared the production capacity of his manufacturing unit or his machines to any other government department, agency, or organisation prior to the issuance of this notification, the same shall be furnished by the said registered person in Table 7 of FORM GST SRM-I on the common portal, within 30 days of the issuance of this notification.
6) Removal: The details of any current filling and packing machinery removed from the registered place of business must be provided electronically on the common portal by the registered person within 24 hours of such removal, as specified in Table 8 of FORM GST SRM-I.
2. Special Monthly Statement
The registered person must electronically submit a special statement in FORM GST SRM-II on the common portal by the 10th of the month after such month.
3. Certificate of Chartered Engineer
(1)The taxpayer must upload a certificate of Chartered Engineer FORM GST SRM-III in respect of machines declared by him, as per paragraph 1 of this notification, in Table 6 of FORM GST SRM-I.
(2) If any machine’s details change later, a new certificate for that machine must be uploaded.4. This notification will take effect on April 1, 2024.
