Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 06/2024-Central Tax (Rate) dated 08.10.2024 to make further amendment in the RCM notification no. 04/2017-Central Tax (Rate) dated 28.06.2017.
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In the said notification new serial no. 8 is inserted whereby the supply of Metal scrap is covered under reverse charge mechanism. Thereby the supply of metal scrap by an unregistered person to a registered person the tax shall be paid by the registered recipient of supply.
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