According to a report by The Hindu Business Line on April 11, the Indian government has extended the deadline for the implementation of special registration and monthly reporting procedures for manufacturers of betel nut, chewing tobacco, and tobacco products until May 15th.
In January, the Central Board of Indirect Taxes and Customs (CBIC) announced new registration and monthly reporting procedures set to be implemented starting on April 1, 2024. The regulations require manufacturers of betel nuts, chewing tobacco, and tobacco products who fail to register their packaging processes with the Goods and Services Tax (GST) authorities by April 1 to pay fines of up to 100,000 rupees (1199 USD), with the penalty terms yet to be announced. However, a recent CBIC notification extended the implementation date of this special program by 45 days, until May 15th.
The new regulations require tobacco product manufacturers to electronically fill out Form GST SRM-I within 30 days of the effective date of May 15, 2024, providing detailed information on the packaging machines used for filling and packaging. The special declaration form (GST SRM-II) must also be submitted by the 10th of next month.
The Government of Malaysia (GoM) stated that tax evasion on tobacco products is a common practice internationally, and this regulation plays a role in enhancing compliance by strengthening enforcement and administrative mechanisms to curb tax evasion.
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