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of <h1>Haryana Government Clarifies 5% GST on Imitation Zari Thread, No Tax Refund for Rate Inversion.</h1> The Haryana Government's Excise and Taxation Department issued a circular clarifying the GST rate on imitation zari thread or yarn. Following the GST Council's recommendation in its 52nd meeting, the GST rate for imitation zari thread made from metallised polyester or plastic film is set at 5%, as per Sl. No. 218AA of Schedule I. This clarification addresses doubts about whether such yarns fall under a different category attracting a 12% GST rate. The council also decided that no tax refund will be allowed for polyester or plastic films due to tax rate inversion. Any implementation issues should be reported to the department.
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