
The Goods and Services Tax Network (GSTN) on October 13, 2024, issued the notification regarding the Advisory for Taxpayers for the New GST Provision for Metal Scrap Transactions.
The following has been stated namely: -
• The government has issued Notification 25/2024-Central Tax, on October 09, 2024 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.