GST Notification 30/2023-Central Tax dt.31-July-2023
GST Notification – 30/2023:
Registered manufacturers need to furnish comprehensive details of their packing machines. This entails information like the make, model number, date of purchase, installation address, packing capacity, and electricity consumption. The prescribed form for this purpose is FORM SRM-I.
For manufacturers who were already registered at the time of the notification, they are required to submit these details within a span of 30 days from the date of the notification. On the other hand, for new registrations granted subsequent to the notification, these details must be provided within fifteen days of the grant of registration.
Furthermore, registered manufacturers are mandated to maintain meticulous daily records pertaining to their operations. These records should encompass inputs, waste generation, readings
of electricity meters and generator meters, along with production details. These records are to be maintained in the specific formats designated as FORM SRM-IIIA and FORM SRM-IIIB.
In order to facilitate regulatory oversight and compliance, a special monthly statement must be submitted by registered manufacturers. This statement is designed to capture crucial data and information. The specific form designated for this purpose is FORM SRM-IV. It is mandatory for registered manufacturers to submit this monthly statement on the common portal, and this submission should be done by the tenth day of the month succeeding the relevant month.
These provisions collectively aim to enhance transparency, accountability, and regulatory efficiency within the domain of manufacturing operations, promoting accurate reporting and responsible practices among registered manufacturers.
