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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GST rate on imitation zari thread from metallised film clarified; such yarn attracts the reduced rate and no refund. Imitation zari thread or yarn made from metallised polyester or plastic film falls within the HS description for yarn combined with or covered by metal and is classified under Schedule I as imitation zari, attracting the concessional GST rate; refunds for metallised polyester/plastic film on account of inversion of tax rate are not permitted and notifications have been amended accordingly.
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Provisions expressly mentioned in the judgment/order text.
GST rate on imitation zari thread from metallised film clarified; such yarn attracts the reduced rate and no refund.
Imitation zari thread or yarn made from metallised polyester or plastic film falls within the HS description for yarn combined with or covered by metal and is classified under Schedule I as imitation zari, attracting the concessional GST rate; refunds for metallised polyester/plastic film on account of inversion of tax rate are not permitted and notifications have been amended accordingly.
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