VATupdate
india

Share this post on

Govt. likely to place reverse charging of GST on scrap before Council

The government will consider and then place industry’s demand to shift the GST levy on purchase of scrap metal to a reverse charge mechanism before the GST Council, in view of the operational difficulties and legal disputes arising from non-compliance by informal sector scrap dealers who often fail to deposit GST dues collected from larger buyers.

Source: a2ztaxcorp.com

Sponsors:

VAT news

Advertisements: