Marine Engines and Spares for Fishing Vessels Attract 5% GST Under Serial No. 252 of Schedule I

Marine Engines and Spares for Fishing Vessels Attract 5% GST Under Serial No. 252 of Schedule ICase-LawsGSTThe AAR held that marine engines (HSN 8408), their spares (HSN 8409), and marine gearboxes (HSN 8483) supplied as parts of fishing vessels classifie

Marine Engines and Spares for Fishing Vessels Attract 5% GST Under Serial No. 252 of Schedule I
Case-Laws
GST
The AAR held that marine engines (HSN 8408), their spares (HSN 8409), and marine gearboxes (HSN 8483) supplied as parts of fishing vessels classified under Customs Tariff Heading 8902 attract a concessional GST rate of 5% under Serial No. 252 of Schedule I, Notification No. 01/2017-Central Tax (Rate). Classification remains under Chapter 84, but concessional rate applies due to

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