GST on lathes: specified rate now applies to metal removing lathes from the notified effective date. Lathes, including turning centres used for removing metal, are specified under the Schedule entry and subject to the notified GST rate; the referenced notification fixes the operative rate and commencement date, clarifying classification of these machine tools for tax levy and compliance.
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GST on lathes: specified rate now applies to metal removing lathes from the notified effective date.
Lathes, including turning centres used for removing metal, are specified under the Schedule entry and subject to the notified GST rate; the referenced notification fixes the operative rate and commencement date, clarifying classification of these machine tools for tax levy and compliance.
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