Economy

GST Council proposes 2% TDS on scrap deals

· 9 October 2026 · 2 min read
GST Council proposes 2% TDS on scrap deals

The Economic Times has reported a new India-focused economy development: “GST Council proposes 2% TDS on scrap deals.” The publisher's feed describes the story as follows: The proposed levy covers plastic waste, discarded tyres, electrical and electronic scrap, and used cooking oil. Under the framework, registered buyers will have to deduct TDS when purchasing from registered suppliers and pay GST under RCM on purchases from unregistered sellers, even when the latter fall below the GST registra

Original reporting by The Economic TimesRead the full story

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