GST classification for bicycle parts updated to a reduced rate under revised schedule, altering taxability and compliance. A reduced GST rate has been applied to parts and accessories of non-motorised bicycles and other cycles (including delivery tricycles) by amendment to the schedule; the change operates from the stated commencement date and is implemented via the cited notification, adjusting taxability and classification under the revised schedule entry.
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GST classification for bicycle parts updated to a reduced rate under revised schedule, altering taxability and compliance.
A reduced GST rate has been applied to parts and accessories of non-motorised bicycles and other cycles (including delivery tricycles) by amendment to the schedule; the change operates from the stated commencement date and is implemented via the cited notification, adjusting taxability and classification under the revised schedule entry.
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