GST council decided to reduce GST on imitation zari thread or yarn
50th GST council meeting was conducted on 11th July 2023, where many changes have been proposed under GST.
One of the proposals was to reduce GST on imitation zari thread or yarn.
The council It has been decided to reduce GST on imitation zari thread or yarn known by any name in trade parlance from 12% to 5% and to regularize payment of GST related to this matter during the past period on “as is basis”.