Quick Summary
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 businesses dealing with Metal Scrap. The GST portal will soon be updated to enable compliance of registration through FORM GST REG-07 by this category of registered persons. Official copy of the notification is as follows [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FIN
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FAQ :
A new provision mandates compliance with Section 51 of the CGST Act, 2017, for registered persons receiving supplies of metal scrap falling under Chapters 72 to 81 of the Customs Tariff Act, 1975, from other registered persons.
This notification comes into force with effect from October 10, 2024.
The rule applies to metal scrap falling under Chapters 72 to 81 in the First Schedule to the Customs Tariff Act, 1975.
The GST portal will be updated to enable compliance of registration through FORM GST REG-07 for the affected category of registered persons.
The relevant notification is No. 25/2024-Central Tax, issued on October 9, 2024.
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