Saraswathi Metal Works ., In re
Date: October 20, 2018
Court: Authority for Advance Ruling
Bench: Kerala
Type: Advance Ruling
Subject Matter
Parts of fishing vessels, factory ships and other vessels attract 5% GST
Summary
i) The tax rate of Marine propellers, Rudder set, Stern tube set, Propellers shaft, MS shaft for couplings used as part of fishing vessels, factory ships and other vessels for processing or preserving fishery products are taxable @5% GST. ii) All par…
Applicant is a manufacturer of Marine propellers, Rudder set, Stern tube set, Propellers shaft, MS shaft for couplings used in fishing or floating vessels. Applicant requested advance ruling on the following:- i) The tax rate of Marine propellers, Rudder set, Stern tube set, Propellers shaft, MS shaft for couplings. ii) The parts of fishing /floating vessels come under the HSN Code 8902. They requ…