Shubh Deepavali from Recykal Times — wishing you a prosperous festive season
RECYKAL TIMESIntelligence for the circular economyShubh Deepavali from Recykal Times — wishing you a prosperous festive season
RECYKAL TIMESIntelligence for the circular economyExpert-reviewed GST and tax guidance — registration, input tax credit, notices and demands, and rules specific to scrap and recycling. Each piece is checked against the law and carries its reviewer and review date.
On 16 October 2026, GSTN opened the e-Invoicing system to recipient-generated self-invoices under the Reverse Charge Mechanism (RCM) for taxpayers with an Aggregate Annual Turnover (AATO) of ₹5 crore and above. Two new supply type codes now sit in the e-Invoice schema: RCMDOM for domestic purchases from unregistered sellers, and RCMIMP for import of services from suppliers outside India. Knowing which code fits which purchase bill decides how your accounts team generates the Invoice Reference Number (IRN).
Reviewed by Recykal Times CA · Law checked 26 Oct 2026
The 57th GST Council meeting, held in New Delhi on 8 October 2026 under the chairpersonship of Union Finance Minister Smt. Nirmala Sitharaman, will change how India’s scrap, recycling and circular-economy businesses buy, move and account for material. If the 56th meeting was about rates, the 57th is about process: registration, returns, refunds, adjudication, e-way bills and the criminal side of GST.
Reviewed by Recykal Times GST Team · Law checked 9 Oct 2026
Since 10 October 2024, two rules decide how GST is handled on almost every metal scrap deal in India. If the seller is unregistered, the registered buyer pays the GST under reverse charge. If the seller is registered, the buyer deducts 2% TDS on larger deals. Here is how each works, with examples, and what has changed since.
Reviewed by Recykal Times · Law checked 7 Oct 2026
GST officers can cancel a dealer's registration from a retrospective effect, and the dealer's customers can then be asked to give back the input tax credit they claimed. Here is what the law allows, what courts have ruled, and the records that protect a genuine business.
Reviewed by Recykal Times GST Team · Law checked 25 Sept 2026
GST Guru is general information reviewed by a tax professional, not advice for your specific case. Verify with your advisor and the primary sources cited before acting.