The government has issued Notification 25/2024-Central Tax on October 9, 2024, introducing new compliance requirements for businesses involved in metal scrap transactions under Section 51 of the CGST Act, 2017. This notification mandates these businesses to register for compliance through FORM GST REG-07. The GST portal will soon be updated to accommodate this registration process for businesses falling under this category. This advisory aims to inform taxpayers of the upcoming portal changes and the need to ensure timely registration and compliance. The new provisions specifically target metal scrap dealers to ensure their adherence to GST regulations. Further details on how to proceed with the registration will be made available on the GST portal.
Goods and Services Tax
Government of India, States and Union Territories
Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions
Oct 13th, 2024
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.
Thanking You,
Team GSTN
