Registration for metal scrap buyers and bank account validation

Advisory on GST REG-07 related to GST Registration for Metal Scrap Buyers

The Goods and Services Tax Network (GSTN) has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07. This update corresponds to the new GST provisions for metal scrap buyers indicated in the advisory issued as on 13^th October.

Taxpayers in this category are required to select “Others” in Part B of Table 2 under the “Constitution of Business” section.

A text box will appear where the taxpayer must enter “Metal Scrap Dealers”. This entry is mandatory for those selecting the “Others” option in Table 2. Once this is completed, the remaining details in form GST REG-07 should be filled and submitted on the common portal to meet the registration requirements as per Notification No. 25/2024 – Central Tax, dated October 9, 2024.

GSTN urged metal scrap buyers to finish this process as soon as possible in order to comply with the updated GST provisions and prevent non-compliance issues.

Validation of bank account details while adding bank account as Non-Core amendment

Further, another advisory has been issued in relation to validation of Bank account details,

The GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details. Taxpayers are requested to follow the procedure outlined in the link provided below while adding bank account details on the portal.