Change in registration compliance for buyers of metal scrap under GST

The Goods and Services Tax Network (GSTN) has recently introduced an update to streamline the registration process for buyers of metal scrap. This change is a direct result of the new GST provisions outlined in an advisory issued on October 13. As part of this update, metal scrap buyers are now required to select "Others" in Part B of Table 2 under the "Constitution of Business" section of the GST REG-07 form.

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To complete the registration process, taxpayers in this category must enter "Metal Scrap Dealers" in the text box that appears after selecting the "Others" option. This entry is mandatory for those choosing this option. Once this is done, buyers can proceed to fill in the remaining details of the form and submit it on the common portal to meet the registration requirements as per Notification No. 25/2024 - Central Tax, dated October 9, 2024.

This update aims to simplify the registration process for metal scrap buyers, making it easier for them to comply with GST regulations. By following these new guidelines, buyers can ensure a seamless registration experience and avoid any potential issues or delays.

To provide ease to the taxpayers, the department has also issued tutorials to give more clarity to the taxpayers.

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