CGST rate reduction on tractor parts creates new Schedule III entries and reclassifies specified components under a lower tax rate. Amends the CGST rate schedule by inserting new entries into Schedule III after serial number 452, categorising specified tractor components - including tyres, tubes, agricultural diesel engines above a stated cylinder capacity, hydraulic pumps, bumpers, brake assemblies, gear boxes, transaxles, road wheels, radiator and cooling assemblies, silencers, clutch assemblies, steering components, hydraulic parts, and various body panels and fittings - and subjecting them to the 9% CGST rate under the amended Notification No.1/2017-Central Tax (Rate).
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CGST rate reduction on tractor parts creates new Schedule III entries and reclassifies specified components under a lower tax rate.
Amends the CGST rate schedule by inserting new entries into Schedule III after serial number 452, categorising specified tractor components - including tyres, tubes, agricultural diesel engines above a stated cylinder capacity, hydraulic pumps, bumpers, brake assemblies, gear boxes, transaxles, road wheels, radiator and cooling assemblies, silencers, clutch assemblies, steering components, hydraulic parts, and various body panels and fittings - and subjecting them to the 9% CGST rate under the amended Notification No.1/2017-Central Tax (Rate).
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