<h1>Electromagnets, permanent magnets and related holding devices now subject to Schedule II classification and 18% GST from 22-09-2025</h1> Electromagnets, permanent magnets and articles intended to become permanent magnets after magnetisation, electro-magnetic or permanent-magnet chucks, clamps and similar holding devices, electro-magnetic couplings, clutches and brakes, and electro-magnetic lifting heads are classified under Schedule II and attract GST at 18% with effect from 22-09-2025, pursuant to the relevant rate notification issued on 17-09-2025.