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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 Notification No. 01/2017 Central Tax (Rate) dated 28.06.2017 and State Notification 360/2017 dated 30.06.2017 and hence taxable @ 5%

Shanti Prime Publication Pvt. Ltd.

Rate of GST — Application for advance ruling for determination of rate of tax on  marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, used in fishing / floating vessels.  The applicant t is of the opinion that Since the products manufactured by the unit are mainly used for the purpose of fishing and other allied activities, 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.
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 Notification No. 01/2017 Central Tax (Rate) dated 28.06.2017 and State Notification 360/2017 dated 30.06.2017 and hence taxable @ 5% [SGST-2.5%; CGST - 2.5%]. — V.P. Dharsak vs. Saraswathi Metal Industries - [2018] 2 TAXLOK.COM 100 (AAR-Kerala)

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