GST UPDATE

????Desk of CA. Praveen Sharma Series-594????

G.S.R. 629(E).— In exercise of the powers conferred by sub-section (3) of section 1, read with section 51 of the Central Goods and Services Tax Act, 2017 (12 of 2017), hereinafter referred to as "the said Act

 ?The Central Government, on the recommendations of the Council, hereby makes the following amendment to the notification No. 50/2018-Central Tax, issued by the Ministry of Finance, Department of Revenue, and published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide G.S.R 868(E) dated 13th September 2018. The amendments are as follows:

In the said notification:

?A new clause (d) shall be inserted after clause (c) and before the first proviso, as follows

?any registered person receiving supplies of metal scrap falling under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from another registered person.”

(ii) The third proviso shall be substituted with the following:

?Provided also that nothing in this notification shall apply to the supply of goods or services or both, occurring between persons specified under 

?clauses (a), (b), (c), and (d) of sub-section (1) of Section 51 of the said Act, except for the person referred to in clause (d) of this notification.”

?This notification shall come into effect from the 10th day of October, 2024.

CA. Sharma Praveen

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