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Taxation Central Ministry of Finance Central Goods and Services Tax Act, 2017

Special Procedure for Registered Manufacturers of certain goods

31-Jul-2023 | NO. 30/2023-CENTRAL TAX

CBIC has issued a notification regarding the Special Procedure for Registered Manufacturers of certain goods outlining the requirements related to packing machines, records maintenance, and monthly statements.

By virtue of this circular, a special procedure for registered persons involved in manufacturing goods is specified in the Schedule and the procedure mandates registered manufacturers to provide details of packing machines used for filling and packing pouches or containers. Registered manufacturers are required to furnish the details of packing machines, including make, model number, date of purchase, address of installation, packing capacity, and electricity consumption, in Form SRM-I. Existing registered manufacturers must submit these details within 30 days of notification, while new registrations need to provide them within fifteen days of the grant.

Further, the manufacturers should keep daily records of inputs, waste generation, electricity and generator meter readings, and production details in specific formats (Form SRM-IIIA and Form SRM-IIIB). A special monthly statement Form SRM-IV must be submitted on the common portal by the tenth day of the month succeeding the relevant month.

It is important to note that the effective date has been provided under Notification No. 47/2023- Central Tax dated 25th September 2023.

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