Clarification regarding GST rate on imitation zari thread or yarn

Clarification regarding GST rate on imitation zari thread or yarn based on the recommendation of the GST Council in its 52ndmeeting held on 7th October, 2023

It has been clarified that imitation zari thread or yarn made from metallised polyester film/ plastic film falling under HS 5605 are covered by Sl No. 218AA of Schedule I of Notification No. 1/2017-Central Tax (Rate) dated 28.6.2017 attracting 5% GST. Further, no refund will be permitted on polyester film (metallised)/plastic film on account of inversion of tax rate. Requisite changes have been made in Notification No. 5/2017-Central Tax (Rate) vide Notification no. 20/2023-Central Tax (Rate) dt. 19.10.2023.

Circular-No-205-17-2023.pdf

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