When a scrap dealer buys from a GST-registered supplier, the dealer raises the tax invoice — not the supplier. Done on paper that means a signed agreement in a filing cabinet, a form per purchase, and an ABN you hope is still current. AltScrap turns the whole arrangement into part of onboarding and part of the purchase.
The point is that the supplier does the data entry once, you approve once, and every purchase afterwards produces its own compliant document without anyone opening a template.
They submit entity name, ABN, GST status, contact details and bank or PayID details through a link on your own portal — not by emailing a photo of a form.
Submissions land in an approval queue. Bank details sit behind a verification gate, so payment details are confirmed deliberately rather than absorbed silently.
Purchases from an approved, GST-registered supplier generate the recipient-created tax invoice from the transaction record, and sync through to MYOB or Xero as a bill.
Both are ordinary administrative failures rather than dramatic ones, and both are expensive at audit.
An RCTI arrangement depends on a written agreement with the supplier. Captured digitally at onboarding, it stays attached to the supplier record instead of a filing cabinet at one site.
ABN and GST status are recorded against the supplier rather than assumed from the last purchase, so the treatment applied is the treatment you have on file.
A recipient-created tax invoice is a tax invoice raised by the buyer instead of the seller. It is common in scrap metal because the dealer determines the weight, grade and therefore the value at the point of purchase. The ATO requires a written agreement between the parties and that the recipient meets the relevant conditions.
For approved suppliers whose ABN and GST status support it, the purchase produces the RCTI from the transaction record. Walk-in customers who are not GST-registered suppliers are handled as ordinary purchases with a receipt.
It is captured as part of digital supplier onboarding and stays attached to the supplier record, alongside their ABN, GST status and verified payment details.
No. AltScrap generates records and documents from what you and your suppliers enter. Whether you are entitled to issue RCTIs, and how GST applies to a given purchase, is a matter for you and your accountant.
The back office behind the yard: company and per-store pricing, pricing tiers, staff and store administration, payout runs, eight built-in reports with CSV export, and MYOB or Xero sync.
Read onKeep the dealer record without the paperwork: photo ID capture at the counter, a seller history behind every purchase, and Compliance Register, ID Verification and Payment Compliance reports on demand.
Read onRun scrap yard operations on one system: counter purchases, weights and grades, supplier approvals, pricing by store and tier, payouts, and the compliance record behind every transaction.
Read onWe will run a real onboarding — ABN, GST status, bank verification, approval — and then buy from that supplier so you can see the document that comes out.
Book a demo