UTGST rate change: specified tractor components moved into a reduced-rate schedule, altering tax treatment for listed parts. The Central Government amends the UTGST rate notification to insert specified tractor components into Schedule III taxed at nine percent, listing tariff headings and descriptions-including tyres, tubes, agricultural diesel engines for tractors exceeding 250 cc, hydraulic pumps, bumpers, brake assemblies, gear boxes, transaxles, road wheels, radiator and cooling assemblies, silencers, clutch and steering assemblies, hydraulic parts, and body components and fuel tanks for tractors-thereby subjecting these items to the reduced UTGST rate.
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UTGST rate change: specified tractor components moved into a reduced-rate schedule, altering tax treatment for listed parts.
The Central Government amends the UTGST rate notification to insert specified tractor components into Schedule III taxed at nine percent, listing tariff headings and descriptions-including tyres, tubes, agricultural diesel engines for tractors exceeding 250 cc, hydraulic pumps, bumpers, brake assemblies, gear boxes, transaxles, road wheels, radiator and cooling assemblies, silencers, clutch and steering assemblies, hydraulic parts, and body components and fuel tanks for tractors-thereby subjecting these items to the reduced UTGST rate.
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