Update on Integrated Tax Rates for Tractor Parts

Central Government amends Integrated Tax (Rate) notification under IGST Act. Addition of new serial numbers and entries to Schedule III - 18%.

Newly included items cover various components essential for tractors. Items such as tyres, tubes, hydraulic pumps, and steering wheels specified.

Parts like bumpers, brakes assembly, and radiator assembly included. Aimed at providing clarity on tax rates for tractor-related products.

Ensures compliance and facilitates smooth functioning of the agricultural machinery sector.