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of <h1>IGST and GST Rates for Agricultural Machinery Updated; Retrospective 6% Central Tax on Parts from 2017-2018</h1> Goods classified under Schedule 2 are subject to an Integrated Goods and Services Tax (IGST) of 12% or a combined Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) or Union Territory Goods and Services Tax (UTGST) of 6% each. This includes machinery for agriculture, horticulture, forestry, poultry-keeping, and beekeeping, as well as poultry incubators and brooders. An amendment effective from July 15, 2024, modified the classification. Retrospectively, from July 1, 2017, to December 31, 2018, a 6% central tax was applied to parts of agricultural machinery, with no refunds for collected taxes.
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