GST tariff rate for Ship management service

 

GST slab on Ship management service

 

Click here to know GST rate for this service 

Does ship supervision of the maintenance service fall under exemption list of GST?   What is Goods and Service Tax slab rate survey and repair service of ship?   GST expenses for engagement or providing of crews in ship service?  Is GST chargeable for freight charges service on behalf of the owner of ship? GST tax slab rate for providing for victualling or storing of ship?

GST tariff rate for Ship management serviceThe details about GST rate changes for Ship management service are being updated here.  The notification changes on exemptions for GST for sale of Ship management service and other circulars related to GST for Ship management service are updated in this website.

 

Ship means a sea-going vessel and includes a sailing vessel. (Section 65(96) of Finance Act, 1994 as amended) Ship management service includes, - (i) the supervision of the maintenance, survey and repair of ship; (ii) engagement or providing of crews; (iii) receiving the hire or freight charges on behalf of the owner; (iv) arrangements for loading and unloading; (v) providing for victualling or storing of ship; (vi) negotiating contracts for bunker fuel and lubricating oil; (vii) payment, on behalf of the owner, of expenses incurred in providing services or in relation to the management of ship; (viii) the entry of ship in a protection or indemnity association; (ix) dealing with insurance, salvage and other claims; and (x) arranging of insurance in relation to ship.

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

Some of the categories under negotiating contracts for bunker fuel and lubricating oil in ship service are exempted from paying GST.  The list of exempted business category of services under Ship management service may be read in GST exemption category list issued by GST authorities.

The above information is about GST rate for Ship management service. This post is being updated with latest changes in GST rate for Ship management service, update on latest GST notification on providing for victualling or storing of ship and amendments related to GST on entry of ship in a protection or indemnity association service.

Comment below your thoughts about Ship management service.

Click here to know GST rate for this service 

Click here to know GST rate on Goods and Services

 

Click here to know GST exemption list of goods and service

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

GST Return for Outward Supplies made by the Taxpayer (GSTR-1)

Different Tax returns under GST Goods and Service Tax

GST registration and returns filing procedures for PSUs and Government entities

What is RETURNS in terms of Goods and Service Tax?

How to fill application for GSTIN (Goods and Service Tax Identification Number)?

Application for registration under GST Act to obtain GSTIN

Different application Forms for registration under Goods and Service Tax Act (GSTIN)

Process of application for registration under GST Act to obtain GSTIN

Procedures to get GST Registration number for IT exempted proprietorship firms

Learn GST in regional language

Export benefit schemes in India

How to import goods to India?

Export procedures and documentation

What is legalization of documents by embassy?

What is LET EXPORT order in export trade?

How to book empty container for factory/CFS/ICD/port stuffing

How to calculate CBM in LCL export shipments:

How to calculate chargeable weight under airfreight in exports?

How to check the time of contract on high sea sale transaction?

How to Choose a product for export business

How to cover the risk of Cargo loss or damage

How to customs clear Cargo arrived in a port where in import license obtained for another port

How to differentiate BL and HBL?

How to differentiate CPT and DAP in shipping terms


                                                  

Indian GST charges on ship supervision of the maintenance service

Goods and Service Tax rate on survey and repair service of ship

GST expenses on engagement or providing of crews in ship service

Rate of GST slab on receiving the hire or freight charges service on behalf of the owner of ship

Total GST rate on arrangements for loading and unloading in ship

Slab GST on providing for victualling or storing of ship

Amount of GST to be paid on negotiating contracts for bunker fuel and lubricating oil in ship service

Total GST charges on payment, on behalf of the owner, of expenses incurred in providing services or in relation to the management of ship

Tax of GST on the entry of ship in a protection or indemnity association service

GST slab rate on dealing with insurance, salvage and other claims in relation to ship service

Amount of GST rate on arranging of insurance in relation to ship service

How much rate of GST for printed books, newspapers, pictures etc.?

Nil tariff GST on purchase of Braille books

No need to pay GST on sale of Carrots

No need to pay GST on sale of Printed books

GST amount of rate on purchase or sale of Brochures, leaflets and similar printed matter

Nil rate tariff GST on purchase of periodicals

No need to pay GST on sale of Newspaper

Nil rate tariff GST on sale of journals

Slimmed down GST slab rate on sale or purchase of Children’s picture drawing books

GST levied rate on Children's picture business

Nil tariff GST on sale of Children’s picture drawing books

No need to pay GST on sale of Children’s picture colouring books

Minimized GST slab rate on sale or purchase of Children’s picture colouring books

GST scheduled rate on Music, printed or in manuscript

No GST on sale of Globes and topographical plans

Nil tariff GST on sale of atlas

GST percentage on purchase or sale of Plans and drawings on architectural

GST amount of rate on Unused postage



Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers