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Reverse Charge Mechanism (RCM) shifts the GST payment responsibility from the seller to the buyer for specific goods and services. In 2025, the notified list includes select agricultural goods, certain services like legal or GTA, and imports. Staying compliant means raising self-invoices, paying tax in cash, and claiming ITC only after payment — a process that works smoothly when it’s built into routine monthly checks.

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Steel scrap is a critical raw material for steel manufacturers, foundries, and procurement teams, helping reduce production costs and support a circular steel supply chain. Understanding steel scrap types, grades, prices, and sourcing options is essential for making cost-effective purchasing decisions. This guide explains what steel scrap is, how it is generated and recycled, the latest steel scrap prices in India, and the different scrap categories available. It also covers India's steel scrap recycling policy and why it matters for...

Last updated on: Oct 7, 2026

The implementation of GST or the Goods and Services Tax stands out as a transformative tax reform. There are some distinct GST benefits and challenges that businesses have faced over the years. From helping to reduce tax evasions to simplifying taxation, here we take a look at GST advantages and disadvantages to help you comprehend and mitigate its drawbacks.

Last updated on: Dec 12, 2024
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