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Business & Economy

GST Council proposes 2% TDS on scrap deals

✍️ eProcureHub Desk • 📅 2026-10-09 • ⏱️ 8 min read
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Market Overview & Key Highlights: 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 registration threshold. Industry Implications & Expert Analysis: Financial analysts and market observers note that this development will introduce substantial shifts across the ecosystem. Stakeholders are closely tracking operational parameters and compliance requirements. Future Outlook: As markets adapt, businesses and professionals are advised to maintain strategic agility. Comprehensive updates will continue to be tracked by our editorial desk as the situation unfolds.
eH

Written by eProcureHub Editorial Desk

Our dedicated reporting desk brings you verified real-time insights on technology, startups, MSME policies, and economic market trends globally.

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