GST rates on several items have been reduced to 5% as per the GST Council’s recommendations. The new tax rates are effective from 27/07/2023. The items with reduced rates include:
i) Unfried/Uncooked snack pellets made through extrusion process,
ii) Fish soluble paste,
iii) Linz-Donawitz (LD) Slag, and
iv) Imitation zari thread or yarn known by any name in trade parlance.
CBIC Central Tax Rate Notification 9/2023 dated 26/07/2023: GST Rate Reduced to 5% (Snack Pellets, Fish Paste, LD Slag and Zari Thread)
CBIC Integrated Tax Rate Notification 9/2023 dated 26/07/2023: GST Rate Reduced to 5% (Snack Pellets, Fish Paste, LD Slag and Zari Thread)
CBIC UT Tax Rate Notification 9/2023 dated 26/07/2023: GST Rate Reduced to 5% (Snack Pellets, Fish Paste, LD Slag and Zari Thread)