GST classification of magnetic goods updated, applying the specified rate to electromechanical and permanent magnet items under Schedule II. Imposition of GST at eighteen percent on specified magnetic goods under Schedule II is effective from 22-09-2025 and covers electro-magnets; 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, pursuant to Notification No. 09/2025 - IGST(Rate).
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 classification of magnetic goods updated, applying the specified rate to electromechanical and permanent magnet items under Schedule II.
Imposition of GST at eighteen percent on specified magnetic goods under Schedule II is effective from 22-09-2025 and covers electro-magnets; 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, pursuant to Notification No. 09/2025 - IGST(Rate).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
