Tag: ICA: GST reduction to 5% from 18% could formalize copper scrap trade

60-70% scrap trade still operates informally Over 75% of India’s recyclers remain unorganised The International Copper Association (ICA) India has urged the government to formalise the country’s copper recycling sector and reduce the GST rate on copper scrap and copper articles from 18% to 5%. According to ICA India, such measures would improve transparency in…