GST Rate at 5% for maintenance, repair and overhaul services of ships, vessels & their engine

03 June 2021

GST Rate at 5% for maintenance, repair and overhaul services of ships, vessels & their engine

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The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 02/2021 – Central Tax (Rate) dated 02nd June 2021 notify the GST rate at 5% (2.5% CGST + 2.5% SGST) for maintenance, repair, or overhaul services in respect of ships and other vessels, their engines and other components or parts.

Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 02/2021- Central Tax (Rate)
New Delhi, the 2nd June, 2021

G.S.R……(E).- In exercise of the powers conferred by sub-section (1), sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.11/2017- Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 690(E), dated the 28th June, 2017, namely:-

In the said notification, in the Table, –

(a) in serial number 3, against items (i), (ia), (ib), (ic) and (id) in column (3) , in the conditions in column (5), in the fourth proviso, in the Explanation, after clause (ii), the following clause shall be inserted, namely-

“(iii) the landowner-promoter shall be eligible to utilise the credit of tax charged to him by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in such project.” ;

(b) in serial number 25,-

(i) after item (ia) in column (3) and the entries relating thereto, in columns (3), (4) and (5), the following items and entries shall be inserted, namely –

(2) (3) (4)
“(ib) Maintenance, repair or overhaul services in respect of ships and other vessels,
their engines and other components or parts.
2.5 -”

(ii) in item (ii) in column (3), for the word, brackets, figures and letter “ and (ia)”, the brackets, figures, letter and word “,(ia) and (ib)” shall be substituted.

2. This notification shall come into force with effect from the 2nd day of June, 2021.

[F. No. 354/53/2021-TRU]
(Rajeev Ranjan)
Under Secretary to the Government of India

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