5% GST applicable to Commodities used as a part of Fishing or Floating Vessels: AAR (Kerala)

The Authority for Advance Ruling( AAR ), Kerala has held that the commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used as a part of fishing and floating vessels would be taxable at the rate of 5 per cent under the Goods and Services Tax (GST) regime. The applicant, Sri. Dharsak.V.P., Saraswathi Metal Industries is a manufact…