Tax Lok English Viedo
Know about our powerfull on-line library on GST & Income Tax
Know about our powerfull on-line library on GST & Income Tax
Tax Lok Hindi Viedo

Latest GST Judgments

For Full Access To All Latest Judgments on GST
Click Here To Subscribe Now
Take a tour of our GST Library

5% GST on marine propeller, rudder set, stern tube set, propeller shaft and MS couplings.

Rate of Tax — The applicant are into the business of manufacturing of Marine Propellers and accessories and the said products are intended to supply to the fishing sector. The products of the applicant are meant for fishing/floating vessels and the products manufactured by their unit are mainly used for the purpose of fishing and allied activities, the applicant is of the opinion that the rate of tax applicable to the products should be made 5%. The Applicant sought Advance ruling on the question whether the rate of tax applicable is 5% on commodities such as marine propellers, rudder set, stem tube set, propeller shaft and couplings used only for the purpose of the fishing or floating vessels. The applicant ruled out that the concessional rate of 5% GST is applicable to the products marine propeller, rudder set, stern tube set, propeller shaft and MS couplings. — S.R. Propellers Pvt. Ltd., In Re… [2019] 16 TAXLOK.COM 112 (AAR-Karnataka)

Tax Lok English Viedo
Tax Lok Hindi Viedo
Know about our powerfull on-line library on GST & Income Tax
Know about our powerfull on-line library on GST & Income Tax
whatsapp with taxlok SUBSCRIBE OUR MAGAZINE

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE