GST Rates Chapter 89 Ships, Boats and Floating Structures

By | June 26, 2017
(Last Updated On: June 26, 2017)

GST Rates Chapter 89

[ As per discussions in GST Council Meeting held on 18th may 2017, 3rd June 2017, 11th June 2017 and 18th June 2017 ]

CHAPTER 89 : SHIPS, BOATS AND FLOATING STRUCTURES

GST RATES

5% :All goods not specified elsewhere.
1.8901 Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
2.8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
3.8904 Tugs and pusher craft.
4.8905 Lightvessels, fire-floats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms.
5.8906 Other vessels, including warships and lifeboats other than rowing boats.
6.8907 Other floating structures (for example, rafts, tanks, coffer-dams, landing-stages, buoys and beacons).
7.Any chapter – parts of goods of headings 8901, 8902, 8904, 8905, 8906, 8907
18% :1.Vessels and other floating structures for breaking up : 89080000
28% :1.Yachts and other vessels for pleasure or sports; rowing boats and canoes : 8903 including floating structure used for casinos etc.

COMPENSATION CESS RATES

Description of supplyTariff item, heading, sub- heading, Chapter, of goods or service, as the case may beRate for GST Compensation Cess
(1)(2)(3)
♦ Yacht and other vessels for pleasure or sports89033%

Read Complete Schedule of GST Rates for Goods

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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