5% GST payable on Out Board Motors & its spare parts supplied for use in vessels

In re George Maijo Industries Private Limited (GST AAR Kerala) 1. Whether the GST rate of 5% for outboard motors pertaining to HS code 8407 and its spare parts as per Entry in Sl. No. 252 of Schedule I of Notification No. 01/2017 Central Tax (Rate) dated 28.06.2017 is applicable to supplies made by the applicant; that the GST rate of 28% shown in Schedule IV Sl. No.114 is not applicable for sales made by the applicant. Ruling: The Out Board Motors and its spare parts supplied for use in vessels falling under Customs Tariff Heading 8902 shall attract GST at the rate of 5% [2.5%-COST + 2.5% SGST...