Steel companies for easing GST burden on scrap metal used as input

Economic Times

After increased scrutiny by  GST  authorities,  steel companies  that use scrap metal as input have suggested removal of tax on sale of the raw material between dealers and imposition of the levy on its sale to manufacturers under reverse charge mechanism.  The  All India Induction Furnaces Association , which represents 35% of the country's  steel production &nb…

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