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TMI BlogAPGST Act, 2017 Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... No.200/12/2023-GST, dated 01.08.2023 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. Based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023, clarification with reference to GST levy related to the following items are being issued through this circular. i. Un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion; ii. Fish Soluble Paste; iii. Desiccated coconut; iv. Biomass briquettes; v. Imitation zari thread or yarn known by any name in trade parlance; vi. Supply of raw cotton by agriculturist to cooperatives; vii. Plates, cups made from areca leaves viii. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 18% under the residual entry S No. 453 of Schedule III of Go.Ms.No.258, Revenue(CT-II)Department, dated 29.06.2017. As per recommendation of the GST Council, GST on fish soluble paste, falling under CTH 2309, has been reduced to 5%. Accordingly, the rate has been notified vide S. No. 108A with effect from 27th July, 2023. 3.2 Further, in view of the prevailing genuine doubts regarding the applicability of GST rate on fish soluble paste, the issue for past period upto 27.7.2023 is hereby regularized on as is basis. 4. Desiccated coconut- Regularisation of the issue for past period from 01.07.2017 up to and inclusive of 27.07.2017: As per recommendation of the GST Council, in view of the prevailing genuine interpretational is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eads, badla, gizai at the rate of 5%. Based on the recommendation of the 28th GST Council, it was clarified that imitation zari thread or yarn known as Kasab or by any other name in trade parlance, would attract a uniform GST rate of 12% under tariff heading 5605. 7.2 As per the recommendation of the GST Council in its 50th meeting, GST on imitation zari thread or yarn known by any name in trade parlance has been reduced from 12% to 5%. Accordingly, the rate has been notified vide S. No. 218AA with effect from 27th July, 2023. 7.3. In view of the confusion in the trade regarding the applicability of GST rate on these products, the issue for past period upto 27.7.2023 is hereby regularized on as is basis. 8. Plates, cups made f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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