To promote tourism, the 52nd GST Council recommended the conditional and limited duration IGST exemption to foreign flag foreign going vessel when it converts to coastal run.
It was stated that the Foreign going vessels are liable to pay 5% IGST on the value of the vessel if it converts to coastal run. GST Council recommends conditional IGST exemption to foreign flag foreign going vessel when it converts to coastal run subject to its reconversion to foreign going vessel in six months.
