Reduction of tax rate on tractor parts: specified tractor components reclassified at lower SGST rate effective by notification. Amendment inserts specified tractor components, identified by HS/tariff headings, into Schedule III (9%) of the Karnataka SGST notification, thereby classifying tyres, tubes, certain agricultural diesel engines for tractors, hydraulic pumps, driveline and body parts, cooling and exhaust assemblies, braking and steering assemblies and related parts under the prescribed SGST rate category; amendment effective from the date of notification and issued under Section 9(1) of the Karnataka GST Act on Council recommendation.
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Reduction of tax rate on tractor parts: specified tractor components reclassified at lower SGST rate effective by notification.
Amendment inserts specified tractor components, identified by HS/tariff headings, into Schedule III (9%) of the Karnataka SGST notification, thereby classifying tyres, tubes, certain agricultural diesel engines for tractors, hydraulic pumps, driveline and body parts, cooling and exhaust assemblies, braking and steering assemblies and related parts under the prescribed SGST rate category; amendment effective from the date of notification and issued under Section 9(1) of the Karnataka GST Act on Council recommendation.
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