Combined wire Rope not Part of fishing Vessel & not eligible for 5% GST Rate

In re Shakti Marine Electric Corporation (GST AAR Gujarat)

Whether, GST Rate of 5% in terms of Sr.No.252 of Schedule-I of Notification No. 1/2017-CTR, corresponding notification issued by Gujarat State and Notification No. 1/2017-ITR is applicable in the case ‘Combined Wire Rope’ used as a part of Fishing Vessel?

Goods whenever used as a parts of fishing vessel/vessel it attract 5% GST as per entry No. 252 of Notification No. 1/2017-Central Tax (Rate) dated 28-6-2017 otherwise it will attract applicable GST rate of the goods.

In the instant case Combined Wire Rope is not a part of fishing vessel but it is used to tie the fishing net with the vessel.

Combined Wire Rope is not used as a part of fishing vessel and the impugned goods does not cover under entry No.252 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated 28-06-2017 as amended and is not eligible to GST @ 5%{ CGST 2.5% + SGST 2.5% and IGST 5%}.

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