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 https://www.taxtmi.com/circulars?id=67214 Products made from metallised polyester or plastic film that fall within the HS description for yarn combined with or covered by metal are classified as imitation zari thread or yarn under Sl No. 218AA of Schedule I and attract the reduced GST rate recommended by the Council; refunds on polyester (metallised)/plastic film for inversion of tax rates are not permitted. en-us Thu, 16 Nov 2023 00:00:00 +0530 Sat, 24 Feb 2024 13:51:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=67214 Products made from metallised polyester or plastic film that fall within the HS description for yarn combined with or covered by metal are classified as imitation zari thread or yarn under Sl No. 218AA of Schedule I and attract the reduced GST rate recommended by the Council; refunds on polyester (metallised)/plastic film for inversion of tax rates are not permitted. Circulars GST - States Thu, 16 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67214