Revolutionary Raja Ram for Tax & Economic Reforms

@abhishekrajaram

8 months ago

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𝗖𝗕𝗜𝗖 𝗻𝗼𝘁𝗶𝗳𝗶𝗲𝘀 𝘀𝗽𝗲𝗰𝗶𝗮𝗹 𝗽𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲 𝗳𝗼𝗿 𝗳𝗶𝗹𝗶𝗻𝗴 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗳𝗼𝗿 𝗽𝗮𝗻 𝗺𝗮𝘀𝗮𝗹𝗮, 𝘁𝗼𝗯𝗮𝗰𝗰𝗼 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲𝗿𝘀

In a move aimed at improving compliance under the goods and services tax (GST), manufacturers of pan masala and tobacco products would have to follow a new procedure for registration and filing monthly returns from April 1.

Based on a decision of the GST Council, the Central Board of Indirect Taxes and Customs (CBIC) has notified a special procedure to be followed by a registered person engaged in manufacturing of these goods for the registration and disposal of packing machines.

The move is aimed at assessing the production and packaging facility of such units to ensure correct GST is paid as the sector is seen to be prone to evasion.

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