Circulars – GST – Highlights – A circular issued by the Government of India provides clarifications on issues related to a special procedure for manufacturers of specified commodities under Notification No. 04/2024-Central Tax. The procedure was revised following the rescission of a prior notification. The circular addresses concerns raised by trade associations, including the non-availability of machine details, electricity consumption rating declaration, reporting values in forms, and the applicability of the special procedure to different scenarios like SEZ units and manual packing operations. It specifies qualifications for Chartered Engineers certifying details and emphasizes compliance for all involved parties in the manufacturing process. – TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts Tax Management India – taxmanagementindia – taxmanagement – taxmanagementindia.com – TMI – TaxTMI – TMITax
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