Notification No. 06/2024
Date: October 8, 2024
Subject: Amendment to Notification 4/2017–CT (Rate) to bring metal scrap under reverse charge mechanism.
Description:
A new entry S. No. 8 is inserted, covering metal scrap under Chapters 72–81. Under this change, any unregistered person supplying metal scrap to any registered person triggers reverse charge liability on the recipient. This expands RCM applicability in the scrap sector to curb tax evasion and improve compliance.
Issued for earlier notification?
Yes — amends Notification 4/2017–CT (Rate).
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