GST

TRT-2025-

Date:-01-01-70

In:-

Issue Favourable to Tax Payer ?:-

Circular No. 205/17/2023-GST dated 31 October 2023

Key Pointers –

  • The GST Council has clarified that imitation zari thread or yarn made from metallised polyester film/ plastic film falling under HS 5605 are covered by Sl No. 218AA of Schedule I attracting 5% GST.
  • Further no refund will be permitted on polyester film (metallised)/plastic film on account of inversion of tax rate.
  • The aforementioned changes have been made in notification no. 5/2017- Central Tax (Rate) vide Notification no 20/223-Central Tax (Rate) dated 19.10.2023.

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