GST classification for knitting and textile machines preserves taxable status with scheduled rate until specified expiry. Knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net, and machines for tufting are classified under Schedule 3 and attract GST at 18%, effective up to 21-09-2025.
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GST classification for knitting and textile machines preserves taxable status with scheduled rate until specified expiry.
Knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net, and machines for tufting are classified under Schedule 3 and attract GST at 18%, effective up to 21-09-2025.
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