Notification No. 06/2024
Date: October 8, 2024
Subject: Amendment to Notification No. 4/2017–Integrated Tax (Rate) to notify reverse charge mechanism on metal scrap.
Description:
This notification amends Notification No. 4/2017–Integrated Tax (Rate) by inserting a new entry specifying that supplies of metal scrap by unregistered persons to registered persons shall be covered under the reverse charge mechanism. The amendment strengthens tax compliance in the scrap sector and addresses revenue leakage.
Issued for earlier notification?
Yes — it amends Notification No. 4/2017–Integrated Tax (Rate).