Notification No. 23/2023
Date: October 19, 2023
Subject: Amendment to Notification No. 5/2017–Integrated Tax (Rate) to allow refund of ITC on imitation zari thread.
Description:
This notification amends Notification No. 5/2017–Integrated Tax (Rate) by inserting a new entry enabling refund of input tax credit on imitation zari thread or yarn made from metallised polyester or plastic film. The amendment provides targeted relief to the textile sector and clarifies refund eligibility.
Issued for earlier notification?
Yes — it amends Notification No. 5/2017–Integrated Tax (Rate).