GST rate update on specified machine-tools under Schedule II following recent IGST rate notification, effective shortly. An amendment assigns specified machine-tools to Schedule II, making them chargeable to GST at eighteen percent from the notified commencement date; covered items include machine-tools for working metal by forging, hammering or die forging (excluding rolling mills), machine-tools for bending, folding, straightening, flattening, shearing, punching, notching or nibbling (excluding draw-benches), and presses for working metal or metal carbides not otherwise specified, as implemented by the cited IGST(Rate) notification.
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Provisions expressly mentioned in the judgment/order text.
GST rate update on specified machine-tools under Schedule II following recent IGST rate notification, effective shortly.
An amendment assigns specified machine-tools to Schedule II, making them chargeable to GST at eighteen percent from the notified commencement date; covered items include machine-tools for working metal by forging, hammering or die forging (excluding rolling mills), machine-tools for bending, folding, straightening, flattening, shearing, punching, notching or nibbling (excluding draw-benches), and presses for working metal or metal carbides not otherwise specified, as implemented by the cited IGST(Rate) notification.
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