Special procedure to be followed by a registered person engaged in manufacturing of the goods - Additional records to be maintained by the registered persons manufacturing the goods mentioned in the Schedule - 30/2023 - Central GST (CGST)

New GST Rules for Manufacturers: Record-Keeping and Reporting Obligations Effective January 1, 2024, Under CGST Act.

The notification outlines a special procedure for registered manufacturers of specified goods under the Central Goods and Services Tax Act, 2017, effective from January 1, 2024. It mandates manufacturers to maintain detailed records of packing machines, including their specifications and installation details, using FORM SRM-I and SRM-IIA. Additionally, manufacturers must report any changes in machine installations or removals promptly. They are also required to keep daily records of inputs, production, and electricity usage in specified formats (FORM SRM-IIIA and SRM-IIIB) and submit a monthly statement (FORM SRM-IV) summarizing inputs and outputs. The notification lists specific goods subject to these requirements.