GST classification for railway rolling-stock parts now attracts specified integrated tax rate under the updated schedule. GST classification imposes an integrated tax rate at the Schedule II entry for parts of railway and tramway locomotives and rolling-stock, covering components such as bogies, bissel-bogies, axles, wheels and other parts of rolling-stock, with the schedule amendment and its effective date referenced in the accompanying notification.
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GST classification for railway rolling-stock parts now attracts specified integrated tax rate under the updated schedule.
GST classification imposes an integrated tax rate at the Schedule II entry for parts of railway and tramway locomotives and rolling-stock, covering components such as bogies, bissel-bogies, axles, wheels and other parts of rolling-stock, with the schedule amendment and its effective date referenced in the accompanying notification.
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