CIRCULAR NO. 205/17/2023-GST [F. NO. CBIC-190354/195/2023-TO(TRU-II)], DATED 31-10-2023The GST Council in its 50th meeting had recommended reduction of GST rate to 5% on imitation zari thread or yarn known by any name in trade parlance, following which Sl. No. 218AA had been inserted in Schedule I of notification no. 1/2017-Central Tax (Rate), dated 28-6-2017.
Doubts have been raised whether metal coated plastic film converted to metallised yarn and twisted with nylon, cotton, polyester or any other yarn to make imitation zari thread is...
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