Amendment in GST Rates for Imitation Zari Thread

G.S.R (E) Notification Overview: Notification to be published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary.

Authority and Purpose: Issued under the powers of clause (ii) of the proviso to sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017. Purpose: Amendments in the notification No. 5/2017-Central Tax (Rate) dated 28th June 2017.

Original Notification Reference: Refers to the original notification No. 5/2017-Central Tax (Rate) dated 28th June 2017.

Amendment Details: In the original notification's TABLE, after S. No. 6A, a new entry (S. No. 6AA) is introduced. New Entry (S. No. 6AA): HSN Code: 5605 Description: Imitation zari thread or yarn made out of Metallised polyester film/plastic film. Explanation: Applicable for refund of input tax credit only on polyester film/plastic film.

Effective Date: The amendment comes into force from the 20th day of October, 2023.

Issuing Authority: Issued by Vikram Wanere, Under Secretary, on behalf of the Central Government.

Note: The principal notification No. 5/2017-Central Tax (Rate), dated 28th June 2017, was last amended by notification No. 9/2022 – Central Tax (Rate), dated 13th July 2022.

This notification introduces a new entry for Imitation Zari Thread, specifying the conditions for the refund of input tax credit and is effective from October 20, 2023.