Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Page of 4790
Press 'Enter' after typing page number.
141 to 160 of 95794 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The AAR held that marine engines classified under headings 8407 and 8408, and their spare parts, attract GST at 5% when supplied as components of fishing vessels under heading 8902, pursuant to entry No. 252 of Schedule I of Notification No. 01/2017 CT (R). If supplied otherwise, the applicable GST rate under their respective tariff headings applies. Repair and maintenance services of fishing vessels, including spare parts, constitute a composite supply and are subject to GST at 5% per Notification No. 02/2021 CT (R) effective from 2 June 2021. Services supplied before this date attract GST at 18%. The time of supply under Section 14 of the CGST Act governs the applicable rate. Thus, the final GST rate depends on the use of goods as parts of fishing vessels and the timing of service provision.
The AAR held that marine engines classified under headings 8407 and 8408, and their spare parts, attract GST at 5% when supplied as components of fishing vessels under heading 8902, pursuant to entry No. 252 of Schedule I of Notification No. 01/2017 CT (R). If supplied otherwise, the applicable GST rate under their respective tariff headings applies. Repair and maintenance services of fishing vessels, including spare parts, constitute a composite supply and are subject to GST at 5% per Notification No. 02/2021 CT (R) effective from 2 June 2021. Services supplied before this date attract GST at 18%. The time of supply under Section 14 of the CGST Act governs the applicable rate. Thus, the final GST rate depends on the use of goods as parts of fishing vessels and the timing of service provision.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4790
Join Channel
TaxTMI 
