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of <h1>Amended Tax Rates for Agricultural Machinery: 12% IGST or 6% CGST/SGST; Retrospective 6% for Parts from 2017-2018</h1> The tax rates applicable to certain agricultural machinery under the Integrated Goods and Services Tax (IGST) and Central and State Goods and Services Tax (CGST/SGST). Specifically, it addresses harvesting or threshing machinery, including straw or fodder balers and grass or hay mowers, taxed at 12% IGST or 6% CGST plus 6% SGST/UTGST. Amendments to these rates were made effective from July 18, 2022, and November 15, 2017. Additionally, a retrospective tax rate of 6% was applied to parts of agricultural machinery from July 1, 2017, to December 31, 2018, with no tax refunds allowed.
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