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GST SRM II Form Release for PAN Masala and Tabacco Manufacturers

The GST portal has released two forms for manufacturers of pan masala and tobacco products: • Form GST SRM-I for registering and disposing of manufacturing machines and • Form GST SRM-II for reporting monthly inputs and outputs. The first form pertains to machine registration and disposal, while the second form asks for information on inputs and outputs during a month. The GST portal has made Form GST SRM-I available since 15-05-2024, and taxpayers dealing in the manufacture of Pan Masala and Tobacco products can now report the details of inputs and outputs procured and consumed for the relevant month. The aim is to combat evasion in the industry. Form GST SRM-II is now available on the portal, allowing taxpayers involved in Pan Masala and Tobacco product manufacturing to report their inputs and outputs for the relevant month.