https://www.taxtmi.com/caselaws?id=369939 The Authority for Advance Rulings clarified that marine parts used in fishing vessels are taxable at a 5% GST rate under entry 252 of the 1st schedule. Parts of fishing vessels under HSN Code 8902 are also taxable at 5% GST. Replacement of parts during the warranty period constitutes a free supply not subject to GST. Suppliers can claim input tax credit on raw materials even if taxed at a higher rate than the finished products. The rulings provide detailed guidance on these tax issues. en-us Sat, 20 Oct 2018 00:00:00 +0530 Wed, 05 Mar 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369939 The Authority for Advance Rulings clarified that marine parts used in fishing vessels are taxable at a 5% GST rate under entry 252 of the 1st schedule. Parts of fishing vessels under HSN Code 8902 are also taxable at 5% GST. Replacement of parts during the warranty period constitutes a free supply not subject to GST. Suppliers can claim input tax credit on raw materials even if taxed at a higher rate than the finished products. The rulings provide detailed guidance on these tax issues. Case-Laws GST Sat, 20 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369939