Clarification on GST Rate for Imitation Zari Thread: Circular No. 205/17/2023-GST Released

CIRCULAR NO. 205/17/2023-GST [F. NO. CBIC-190354/195/2023-TO…SECTION 9 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – LEVY AND COLLECTION – CLARIFICATION REGARDING GST RATE ON IMITATION ZARI THREAD OR YARN BASED ON THE RECOMMENDATION OF GST COUNCIL IN ITS 52ND MEETING HELD ON 7-10-2023CIRCULAR 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...

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