Marine products supplied as parts of fishing or floating vessels attract 5% GST, its replacement during warranty period is Exempted without consideration: AAR [Read Order]

By Devanand T R - On July 13, 2023 12:41 pm - 2 mins read
Marine - products - supplied - fishing - floating - GST- warranty - period - Exempted – AAR - TAXSCAN

The Kerala Authority for Advance Ruling (AAR), Thiruvananthapuram has held that the Marine products supplied as parts of fishing or floating vessels attract 5% Goods and Services Tax (GST) and its replacement during the warranty period is exempted from GST if done without consideration. The ruling was issued in response to an application submitted by…

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