No refund of unutilised ITC shall be allowed on Imitation Zari thread

Further, the CBIC vide Notification No. 23/2023- Integrated Tax (Rate) dated October 19, 2023 made similar changes in Notification No.5/2017- Integrated Tax (Rate), dated June, 28 2017.

The Notification will be made effective from October 20, 2023.

Similar notifications have been passed under the Integrated Goods and Services Tax Act, 2017 (“the IGST Act”) and the Union Territory Goods and Services Tax Act, 2017 (“the UTGST Act”).

 

CGST (Rate) Notification - https://taxinformation.cbic.gov.in/view-pdf/1009901/ENG/Notifications

UTGST (Rate) Notification - https://taxinformation.cbic.gov.in/view-pdf/1009919/ENG/Notifications

IGST (Rate) Notification - https://taxinformation.cbic.gov.in/view-pdf/1009910/ENG/Notifications