GST on yachts and pleasure vessels increased to a higher IGST rate under recent notification, effective from specified date. Yachts and other vessels for pleasure or sports (heading 8903) are subject to 40% GST and allocated to Schedule III pursuant to Notification No. 09/2025 ... Summary
GST on yachts and pleasure vessels increased to a higher IGST rate under recent notification, effective from specified date.
Yachts and other vessels for pleasure or sports (heading 8903) are subject to 40% GST and allocated to Schedule III pursuant to Notification No. 09/2025 IGST(Rate) dated 17.09.2025, effective w.e.f. 22-09-2025.
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