https://www.taxtmi.com/article/detailed?id=13026 Amendments establish RCM for metal scrap bought from unregistered suppliers, making registered buyers liable to pay GST and self invoice within the prescribed period, with the GST so paid eligible for Input Tax Credit. Separately, purchases from registered suppliers attract TDS requiring buyers to obtain a TDS registration, deduct tax at the notified rate when the contract value exceeds the threshold, file monthly TDS returns and issue certificates; deducted amounts are credited to the supplier's cash ledger for GST offset. en-us Wed, 16 Oct 2024 19:03:52 +0530 Wed, 16 Oct 2024 19:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13026 Amendments establish RCM for metal scrap bought from unregistered suppliers, making registered buyers liable to pay GST and self invoice within the prescribed period, with the GST so paid eligible for Input Tax Credit. Separately, purchases from registered suppliers attract TDS requiring buyers to obtain a TDS registration, deduct tax at the notified rate when the contract value exceeds the threshold, file monthly TDS returns and issue certificates; deducted amounts are credited to the supplier's cash ledger for GST offset. Articles Goods and Services Tax - GST Wed, 16 Oct 2024 19:03:52 +0530 https://www.taxtmi.com/article/detailed?id=13026