18% GST fixed for textile machinery

18% GST fixed for textile machinery

The Goods and Services Tax (GST) rate for textile machinery has been fixed at 18 per cent by the GST Council at a recent meeting held in Srinagar.

The Goods and Services Tax (GST) rate for textile machinery has been fixed at 18 per cent by the GST Council at a recent meeting held in Srinagar. The Council has broadly approved the GST rates for goods at nil rate and 5, 12, 18 and 28 per cent to be levied on certain goods. As per the information uploaded after the GST Council’s decision on the website of Central Board of Excise and Customs (CBEC), the rate of 18 per cent has been decided for the following textile machinery mentioned along with their 4-digit HS code:

8444 – Machines for extruding, drawing, texturing or cutting man-made textile materials

8445 – Machines for preparing textile fibres; spinning, doubling or twisting machines and other machinery for producing textile yarns; textile reeling or winding (including weft-winding) machines and machines for preparing textile yarns for use on the machines of heading 8446 or 8447

8446 – Weaving machines (looms)

8447 – Knitting machines, stitchbonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting

8448 – Auxiliary machinery for use with machines of heading 84.44, 84.45, 84.46 or 84.47 (for example, dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms); parts and accessories suitable for use solely or principally with the machines of this heading or of heading 8444, 8445,8446 or 8447 (for example, spindles and spindles flyers, card clothing, combs, extruding nipples, shuttles, healds and heald frames, hosiery needles)

8449 – Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats

8451 – Machinery (other than machines of heading 8450) for washing, cleaning, wringing, drying, ironing, pressing (including fusing presses), bleaching, dyeing, dressing, finishing, coating or impregnating textile yarns, fabrics or made up textile articles and machines for applying the paste to the base fabric or other support used in the manufacture of floor covering such as linoleum; machines for reeling, unreeling, folding, cutting or pinking textile fabrics

9024 – Machines and appliances for testing the hardness, strength, compressibility, elasticity or other mechanical properties of textiles.

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