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of <h1>Tax Alert: Bicycle Pump Parts Under Code 8414 90 12 Subject to 18% IGST or 9% CGST/SGST Each</h1> Goods classified under code 8414 90 12, specifically parts of air or vacuum pumps and compressors of bicycle pumps, are subject to a tax rate outlined in Schedule 3. The applicable tax is IGST at 18% or a combination of CGST at 9% and SGST/UTGST at 9%. This classification and tax rate were implemented following Notification No. 6/2022-Integrated Tax (Rate) dated July 13, 2022, effective from July 18, 2022.
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