GST on industrial machinery now applies to specified project setups and expansions, including essential spare parts for initial setting up. GST classifies machinery, prime movers, instruments, control and transmission equipment, auxiliary equipment and their components or raw materials as taxable when supplied for the initial setting up or substantial expansion of specified industrial, irrigation, power, mining and exploration projects or other notified projects; spare parts and other raw materials (including semi finished consumables) essential for maintenance are included up to ten percent of the value of the covered goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST on industrial machinery now applies to specified project setups and expansions, including essential spare parts for initial setting up.
GST classifies machinery, prime movers, instruments, control and transmission equipment, auxiliary equipment and their components or raw materials as taxable when supplied for the initial setting up or substantial expansion of specified industrial, irrigation, power, mining and exploration projects or other notified projects; spare parts and other raw materials (including semi finished consumables) essential for maintenance are included up to ten percent of the value of the covered goods.
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