The Government of India through circular dated 17th June, 2021 has issued Clarification regarding GST rate on laterals/parts of Sprinklers or Drip Irrigation System. Goods like Sprinklers, drip irrigation systems including laterals; mechanical sprayer etc. shall have the CGST rate of 6%. Hence, laterals/parts to be used solely or principally with sprinklers or drip irrigation system, which are classifiable under heading 8424, would attract a GST of 12%, even if
supplied separately.
Launch of Association of NPS Intermediaries
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,