Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
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Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
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 end-use in fishing vessels. Repair and maintenance services of these vessels constitute a composite supply, predominantly of services under Heading 998714, taxable at 5% as per Notification No. 02/2021. Marine fuels used for propulsion qualify for 5% GST under amended Notification No. 14/2019, but marine engine oil, classified as lubricants (HSN 27101972), does not qualify and is taxable at 18%. The ruling emphasizes strict adherence to classification and end-use documentation to avail concessional rates.
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 end-use in fishing vessels. Repair and maintenance services of these vessels constitute a composite supply, predominantly of services under Heading 998714, taxable at 5% as per Notification No. 02/2021. Marine fuels used for propulsion qualify for 5% GST under amended Notification No. 14/2019, but marine engine oil, classified as lubricants (HSN 27101972), does not qualify and is taxable at 18%. The ruling emphasizes strict adherence to classification and end-use documentation to avail concessional rates.
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