Techno Tradings and Services Pvt. Ltd ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Kerala
- Date:
- March 1, 2019
- Type:
- Advance Ruling
Subject
Marine Diesel engines and gear boxes supplied for use in vessels falling under heading 8901, 8902, 8904, 8905, 8906, 8907 will be deemed to be parts of such goods and thereby taxable at 5% GST
Summary
i) As per the Notification No.01/2017 Central Tax (Rate) dated 28/06/2017 Marine Diesel Engine falling under TSH 8408 of Customs Tariff Act, 1975, as adopted to GST, attracts 28% IGST (14% CGST+14% SGST) as per Serial No.115 of Schedule IV is correct…
Judgement
Applicant is an authorized dealer of Marine Engines and Marine Gear Box used for fishing boats. Applicant requested advance ruling on the following: i. As per the Notification No.1/2017 , Marine Diesel Engine falling under TSH 840E1 of Customs Tariff Act, 1975, as adopted to GST, attracts 28% MST (14% CGST+14% SGST) as per Serial No.115 of Schedule TV is correct or not? ii. As per the Notification…