GST Council may consider relief to steel companies on metal scrap in next meeting

As per the recent tweet by ET Now, sources say GST Council may consider relief to steel companies on metal scrap in the next meeting.

Next meeting of GST council may announce relief to Steel companies on metal scrap
Steel Ministry has sent its proposal to the finance ministry
Ministry recommended GST under reverse charge mechanism on metal scrap
Steel industry can get input tax credit under reverse charge mechanism
Alert: Manufacturers can’t claim ITC on purchase of scrap from unregistered dealer
Ministry recommends charging GST from manufacturer on purchase of scrap
Steel Ministry discuss this issue in the meeting with the advisory group
However, Steel companies are asking for lower GST on metal scraps from 18% to 5%