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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Rate 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 - taxable @5% IGST i.e. [SGST-2.5%; CGST - 2.5%].
Rate 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 - taxable @5% IGST i.e. [SGST-2.5%; CGST - 2.5%].
Note: It is a system-generated summary and is for quick reference only.