Clarification regarding GST rate on imitation zari thread or yarn based on the recommendation of the GST Council in its 52nd meeting held on 7th October, 2023
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Imitation zari thread GST clarification applies 5% rate to metallised film-based yarn, with no inversion refund allowed. GST rate on imitation zari thread or yarn made from metallised polyester film or plastic film falling under HS 5605 is clarified as 5% GST under the entry for imitation zari thread or yarn. The circular further states that no refund will be admissible on polyester film or plastic film on account of inversion of tax rate, and references the corresponding amendment to the State notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Imitation zari thread GST clarification applies 5% rate to metallised film-based yarn, with no inversion refund allowed.
GST rate on imitation zari thread or yarn made from metallised polyester film or plastic film falling under HS 5605 is clarified as 5% GST under the entry for imitation zari thread or yarn. The circular further states that no refund will be admissible on polyester film or plastic film on account of inversion of tax rate, and references the corresponding amendment to the State notification.
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