GST rate change for textile machinery affects knitting, stitch-bonding and tufting machines under Schedule II for compliance. A notification increases the GST rate applicable to knitting machines, stitch-bonding machines, machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net, and machines for tufting by placing them under the Schedule II tariffing for the higher rate; the notification supplies the operative authority and effective date for compliance.
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GST rate change for textile machinery affects knitting, stitch-bonding and tufting machines under Schedule II for compliance.
A notification increases the GST rate applicable to knitting machines, stitch-bonding machines, machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net, and machines for tufting by placing them under the Schedule II tariffing for the higher rate; the notification supplies the operative authority and effective date for compliance.
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