GST rate change for specified machinery parts clarifies taxable classification under Schedule II from notified effective date. Machinery parts lacking electrical connectors, insulators, coils, contacts or other electrical features are classified under Schedule II and are subject to GST at 18% with effect from 22-09-2025, as notified by Notification No. 09/2025 - IGST(Rate) dated 17.09.2025.
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GST rate change for specified machinery parts clarifies taxable classification under Schedule II from notified effective date.
Machinery parts lacking electrical connectors, insulators, coils, contacts or other electrical features are classified under Schedule II and are subject to GST at 18% with effect from 22-09-2025, as notified by Notification No. 09/2025 - IGST(Rate) dated 17.09.2025.
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