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<h1>India Amends GST Refund Rules: No Refund for Imitation Zari Threads u/s 54(3) of CGST Act 2017.</h1> The Government of India has issued Notification No. 20/2023-Central Tax (Rate), effective from October 20, 2023, amending Notification No. 5/2017-Central Tax (Rate). This amendment specifies that no refund of unutilized input tax credit will be allowed for imitation zari thread or yarn made from metallized polyester or plastic film under section 54(3) of the Central Goods and Services Tax Act, 2017. The notification introduces a new entry, 6AA, in the existing table, clarifying that the refund policy applies only to polyester or plastic films.