GST RATE ON IMITATION ZARI THREAD AND YARN

Imitation zari thread and yarn are used extensively in the textile industry for embroidery and embellishment purposes.

The GST rate on imitation zari thread and yarn was initially set at 18%.

However, in July 2018, the GST Council reduced the rate to 12%.

This reduction in GST rate has provided relief to the textile industry, which was facing a slowdown due to high tax rates.

The reduction in GST rate has also made imitation zari thread and yarn more affordable for consumers.

The textile industry has welcomed the move and expects it to boost demand for imitation zari thread and yarn.

Overall, the reduction in GST rate on imitation zari thread and yarn is a positive step towards promoting the growth of the textile industry.