GSTN issued Advisory for taxpayers regarding the new GST Provision for Metal Scrap Transactions

The government has issued Notification 25/2024-Central Tax, on October 9, 2024.under GST Section 51 of the CGST Act, 2017 mandating compliance by the businesses dealing with Metal Scrap. The GST portal will soon be updated to enable compliance of registration through FORM GST REG-07 by these category of registered persons.

Source : https://www.gst.gov.in/newsandupdates/read/531