Stay updated
Next GST Council meeting may announce relief to Steel companies on metal scrap.
Steel Ministry has sent its proposal to the finance ministry.
Ministry recommended GST under reverse charge mechanism on metal scrap
Steel industry can get input tax credit under reverse charge mechanism.
Source: ETO
Share this content:
CBIC issued FAQs-2 based on recommendations of the GST Council in its 56th Meeting.
Ahead of the Union Budget, the general insurance sector has received a bumper relief amounting to over Rs 18,000 crore with the GST Council dropping the tax demand that the insurers had been slapped with.
Fertiliser stocks have been in focus over the last few days with the Street anticipating some relief in Goods and Services Tax (GST) on the sector at the upcoming GST Council meeting on June 22.