https://www.taxtmi.com/caselaws?id=428749 AAR Gujarat ruled that Combined Wire Rope used in fishing operations is not classifiable as a part of fishing vessel under Sr.No.252 of Schedule-1 of Notification No. 1/2017-CTR, thus not eligible for 5% GST rate. The Authority determined that while the wire rope is essential for fishing operations by connecting fishing nets to vessels, it functions as fishing equipment rather than an integral component of the vessel itself. The wire rope serves to tie fishing nets and does not have specific vessel-related applications, distinguishing it from actual vessel parts covered under the preferential tax classification. en-us Wed, 28 Sep 2022 00:00:00 +0530 Thu, 10 Apr 2025 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428749 AAR Gujarat ruled that Combined Wire Rope used in fishing operations is not classifiable as a part of fishing vessel under Sr.No.252 of Schedule-1 of Notification No. 1/2017-CTR, thus not eligible for 5% GST rate. The Authority determined that while the wire rope is essential for fishing operations by connecting fishing nets to vessels, it functions as fishing equipment rather than an integral component of the vessel itself. The wire rope serves to tie fishing nets and does not have specific vessel-related applications, distinguishing it from actual vessel parts covered under the preferential tax classification. Case-Laws GST Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428749