Tag: tractor

Higher GST on inputs accessories to hit tractor makers

Chennai: The Goods and Services Tax (GST) is likely to hit makers of tractors and ultimately farmers who buy them. The inputs and accessories of a tractor now attract a total tax of 17.5% now (central value added tax (Cenvat) of 12.5% plus state VAT of 5%). About 70% of the inputs that go into [&…