Q 25 : What is the HS code and GST rate of parts of machines falling under HS code 8432, 8433, 8434 and 8436?
1 Machines falling under HS codes 8432,8433,8434 and 8436 attract 12% GST.
2 However, parts of such machines falling under HS code 8432,8433,8434 and 8436 attract 18% GST under the residual entry S.No. 453 of Schedule III of the notification prescribing GST rates.
Read 39 FAQ on GST Rates clarified by CBEC 29.09.2017
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