There is no requirement for payment of tax under RCM on procurements from unregistered person post 13.07.2017. The material purchased could be accounted as purchase from unregistered person in books of accounts. When such scrap is sold, applicable GST should be paid.
The above would be sufficient compliance. I don't see any other issue or challenge.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
