5% GST leviable on Marine engine and its spare parts supplied for use in vessels: AAR
- News|Blog|GST & Customs|
- < 1 minute
- By Taxmann
- |
- Last Updated on 5 December, 2022
Latest from Taxmann
Case Details: Authority for Advance Rulings, Kerala Kerala State Co-operative Federation for Fisheries Development Ltd., In re - [2022] 145 taxmann.com 243 (AAR-KERALA)
Judiciary and Counsel Details
-
- Dr S.l. Sreeparvathy & Abraham Renn S, Member
- B. Somasekharan for the Respondent.
Facts of the Case
The applicant was a co-operative apex federation of primary level co-operative societies of fishermen of Kerala. It filed an application for advance ruling to determine taxability of marine engine and its spare parts supplied for use in vessels to the traditional fishermen for use in their fishing vessels.
AAR Held
The Authority for Advance Ruling observed that as per Serial No. 252 of Schedule I of Notification No. 01/2017 Central Tax (Rate) dated 28-6-2017, if marine engines and its spare parts would be supplied for use as part of fishing vessel falling under Customs Tariff Heading 8902, then marine engine as part of fishing vessel would only attract GST at the rate of 5%. However, if marine engines and its spare parts would be supplied for use other than as parts of fishing vessels, then GST would be levied at rate applicable under their respective Customs Tariff Headings.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
