Recommended Free Tools
The GST Council has recommended new reverse-charge and tax-deduction rules for specified waste and scrap, but the recommendations should not be treated as effective law until the implementing notification and start date are confirmed. The October 2026 proposal covers specified plastic, tyre, electrical and electronic waste and scrap, and used cooking oil. Metal scrap has separate measures dating to 2024.
What the October 2026 recommendation covers
At its 57th meeting on 8 October 2026, the GST Council recommended two treatments for specified categories: reverse charge mechanism (RCM) when an unregistered person supplies the material to a registered person, and 2% tax deducted at source (TDS) on supplies between registered persons. The listed categories are:
As an Amazon Associate I earn from qualifying purchases.
- Specified plastic waste and scrap
- Waste and scrap of tyres
- Electrical and electronic waste and scrap
- Used cooking oil
The Council’s recommendation is not, by itself, confirmation that these measures are in force. The official material available as of 10 October 2026 does not state an effective date for the new specified-waste measures. Check the implementing notification, its precise product descriptions and commencement date before applying the proposal to invoices or returns. See the 57th GST Council meeting release and the government explainer on GST process reforms.
When the proposed RCM and TDS would apply
Unregistered supplier to registered recipient: RCM
Under the recommendation, the registered recipient would pay GST under RCM when an unregistered person supplies one of the specified categories. The explainer says the recipient’s RCM liability applies even if the supplier is below the GST registration threshold; the supplier must register upon crossing the threshold. Confirm the operative legal text and the parties’ status for the transaction before relying on this treatment.
#1 Best Overall
- EFFORTLESSLY MANAGE YOUR FINANCES: Dive into the world of efficient financial management with this accounting ledger book. It's your gateway to tracking payments, deposits, and balances, fostering excellent bookkeeping habits to reach your financial aspirations.
- UNLEASH THE POWER OF UNDATED TRACKING: With an undated accounting book ledger, you're equipped to chronicle every expenditure, regardless of when it occurs. Ample space awaits to meticulously document each transaction, detailing numbers, dates, descriptions, accounts, payment or deposit amounts, and overall balances.
- EMPOWER FINANCIAL SUCCESS: Harness the potential of this accounting log book to analyze your financial endeavors effortlessly. Prepare precise financial statements in no time, allowing you to scrutinize spending and income regularly. Identify and eliminate unnecessary expenses, paving the way for enhanced financial performance and success.
- EXEMPLARY QUALITY: Our accounting ledger book boasts premium quality, crafted from 100gsm paper that minimizes ink leakage, fraying, and shading concerns. The robust and flexible cover shields the pages, while the metal lay-flat twin-wire binding ensures durability and sustained usage.
- VERSATILE UTILITY: Embrace the flexibility of our undated accounting book, enabling you to commence your financial journey anytime, anywhere. Its compact size of 8.6x5.9 inches ensures portability, fitting snugly into any bag for easy access whenever you need it most.
Registered supplier to registered recipient: 2% TDS
The recommendation separately calls for 2% TDS on registered-to-registered supplies in the specified categories. This is a deduction mechanism, not a statement that the applicable GST rate is 2%. The relevant notification and rules must be checked for the actual scope and start date.
Metal scrap has a separate, earlier GST history
At its 54th meeting in September 2024, the Council approved RCM for metal scrap supplied by an unregistered person to a registered person, and 2% TDS for registered-to-registered metal-scrap supplies. The 2026 proposal adds named waste and scrap categories; it should not be used to blur the distinct legal history or scope of the metal-scrap measures. Consult the 54th GST Council meeting minutes and the Council’s 2024 recommendations release, then verify which operative instrument governs the specific supply.
Rank #2
- AN EASY & EFFICIENT WAY TO CONTROL YOUR FINANCES: Created for both small business and personal use, this horizontal accounting ledger book has spacious pages to log payments and deposits, so that you can monitor your finances and spot errors easily.
- LARGE FORMAT LEDGER WITH PLENTY OF WRITING SPACE: This accounting book ledger comes in a large format, measures 10 by 7 inches, and has 129 pages with 3,100 entry lines total.
- TRACK ACTIVITY IN MULTIPLE ACCOUNTS WITH JUST ONE BOOK: This accounting log book will be perfect if you want to track activity in multiple accounts. To do so, use the dedicated column to add the bank account number every time you make a record.
- PREMIUM DESIGN FOR COMFORTABLE DAILY USE: This accounting journal book has a durable eco-leather hardcover, thick 120gsm paper, sturdy elastic closure, pen loop, ribbon bookmark, and back pocket for extra notes, checks, and receipts.
- 60-DAY MONEY-BACK GUARANTEE: We will exchange or refund your small business log book if you aren’t satisfied with your business bookkeeping ledger for any reason. Reach out to us via message to refund your monthly accounting ledger book.
Tax mechanism and tax rate are different questions
RCM determines who accounts for GST; TDS concerns deduction on a covered supply. Neither mechanism, on its own, establishes a rate change. CBIC’s rate table lists ferrous waste and scrap under heading 7204 at 9% central GST plus 9% state GST, or 18% combined. That rate applies to the stated classification; do not assume it covers every scrap material. Identify the material and applicable HSN classification, then check the current rate and notifications in the CBIC GST rates table.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
How a business can check a scrap transaction
- Classify the material. Identify the actual goods and applicable HSN or legal category. The 2026 recommendation names specified categories; it is not a blanket rule for all recycled material.
- Confirm both parties’ registration status. Record whether the supplier and recipient are registered at the time of supply. The recommended RCM case is unregistered-to-registered; the recommended TDS case is registered-to-registered.
- Separate the metal-scrap rules from the 2026 additions. Determine whether the material falls under the earlier metal-scrap measures, a newly listed category, or another classification, and identify the legal instrument relevant to it.
- Verify the operative notification and date. Do not treat a Council recommendation as an effective date. Confirm the notification, its exact scope and when it takes effect before changing invoices, deductions or returns.
- Keep supporting records. Retain evidence for classification and counterparty registration, along with records of RCM tax and any TDS deduction. The Council also described a broader proposed electronic statement for reporting RCM tax and input tax credit; that process proposal does not establish a scrap-specific commencement date.
What the GST system-wide figures do—and do not—show
The Press Information Bureau reported 3,053 crore invoice uploads and 833.82 crore e-way bills in the Goods and Services Tax System as of 30 September 2026. It also reported approximately ₹12.46 lakh crore in gross GST collections for April–September 2026, up 11.6% year over year. These are system-wide figures, not measures of scrap-sector compliance or revenue; they do not show the effect of the scrap recommendations. See the PIB explainer.
Quick Recap
Best Value
Rank #4
- Neatly Track & Organize Your Finances: The accounting ledger book is here for you to stay on top of your spendings & income! Clearly & neatly structured, it offers ample space for all crucial information about checks, savings, bills & other expenses or income
- Perfect For Small Business Owners: Keep it simple, yet super effective - the undated income and expense log book is an absolute must-have among small business supplies! Register your financial data and use your debit & credit records to compile a trial balance
- Premium Style With A Sturdy Cover: With the 120-page finance tracker, you can manage your finances conveniently in one place. A solid cover, thick paper and a reliable ring binding ensure maximum durability
- Beautiful Modern Minimalistic Design: A visual highlight just like you can expect from ZICOTO! The sage green cover of the ledger book, look stunning with a modern golden floral on the front - makes bookkeeping simply beautiful!
- Super Handy - Always At Hand: Thanks to its practical size, the 8.6x6.1” ledger book fits into any bag easily and is therefore always by your side. Whether used as a checkbook register or to track other financial flow, with the log book you’ve got it all sorted!
Rank #3
- Easy To Track Your Finances: HAUTOCO accounting ledger book keeps you on top of your expenses and income! Help you keep your money organized, spend well, and set and achieve financial goals
- Premium Material: The A5 accounting ledger book has a total of 120 pages and 2040 lines of entries. It is made of 100gsm thick paper to reduce ink leakage; it is equipped with a waterproof and sturdy PP cover to protect the inner pages
- Practical Design: Compact 8.3 x 6.2'' expense tracker notebook is easy to carry and features information pages, 2025 calendar, yearly financial goals page, and PVC pocket for storing important tickets and loose items
- Manage Your Finances Effectively: Undated accounting books with number, date, description, account, payment or deposit amount, and total balance. You will be able to easily analyze your financial activities and quickly prepare accurate financial statements
- Ideal For Small Business or Personal Use: An accounting log journal can track your business or personal financial status. With a clear record of transactions, you can find unnecessary expenses or fraudulent charges
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
