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2018 (7) TMI 142 - AAR - GSTRate of tax - nature of use - marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, used in fishing / floating vessels - applicant is of the opinion that the rate of tax applicable to the above products is 5% as per entry 247 and 252 of Schedule 1 of the Central Notification 1/17 - Held that:- The classification of the commodities under Entry 252 solely depends on the nature of use to which the commodities are put to - commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used only for the purposes of fishing / floating vessels would be taxable @ 5%. If the said commodities are used for some other purpose, then the applicable tax rate would be 18%. Ruling:- Commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used as a part of fishing / floating vessels would come under the Entry 252 of Schedule 1 of N/N. 01/2017 Central Tax (Rate) dated 28.06.2017 and State N/N. 360/2017 dated 30.06.2017 and hence taxable @ 5% [SGST-2.5%; CGST - 2.5%].
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