The Ministry of Finance, (MoF) on October 09, 2024, issued a notification regarding the person engaged in the supply of metal scrap.
Under Central Goods and Services Tax (CGST) Act, 2017, has issued an amendment to the original notification No. 5/2017-Central Tax, dated June 19, 2017. This amendment introduces a proviso stating that the exemption provided in the original notification will no longer apply to individuals engaged in the supply of metal scrap under Chapters 72 to 81 of the Customs Tariff Act, 1975. The amendment will take effect starting October 10, 2024.
[Notification No. 24/2024-Central Tax]
