GST on machine-tools: specified rate now applies to drilling and milling equipment per recent notification. Machine-tools for drilling, boring, milling, threading or tapping that remove metal, other than lathes of heading 8458, are placed in Schedule II and subject to the applicable GST rate as prescribed by the IGST(Rate) notification effective from the notified operative date.
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GST on machine-tools: specified rate now applies to drilling and milling equipment per recent notification.
Machine-tools for drilling, boring, milling, threading or tapping that remove metal, other than lathes of heading 8458, are placed in Schedule II and subject to the applicable GST rate as prescribed by the IGST(Rate) notification effective from the notified operative date.
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