Statement 1: The government may shift the GST levy on the purchase of scrap metal to a reverse charge mechanism, as informal sector scrap dealers often fail to deposit GST dues collected from larger buyers.
Statement 2: The review to shift the GST levy to a reverse charge mechanism may only apply to steel or metal scrap.
Which of the above statements are correct?
(a) Statement 1 is correct.
(b) Statement 2 is correct.
(c) Both statements 1 and 2 are correct.
(d) Neither statement 1 nor 2 is correct.
