GST Effect: Tractor Price Increased
GST Effect: Tractor Price Increased
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From July 1, when GST is being implemented in India, there are many wonderful offers in the automobile sector. In fact, it is being seen as a pre-GST effect because after the GST implementation, major changes in prices will be seen. It is natural for the automobile sector to come down.

Because of this, almost all companies in the automobile sector are trying to woo the people by seeing the best offers, so that if any problems arise after the GST is implemented, it can be compensated. But a bad news for the farmers is being told that after the GST the prices of tractors will increase by Rs 30000-40000 thousand rupees.

Tractor Manufacturing Association (TMA) said in a statement that the existing levy is 28 percent GST on the parts and components of the tractor. But parts and components of construction equipment, which are especially close to tractors under 80hp.

It is being told that the cost of tractor can be increased from 30000 to 40000 rupees. However, the Government is looking a little confused about the new GST rates related to agriculture sector.

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