GST Ruling Application Withdrawn by Toy Maker Stemplay Labs

In re Stemplay Labs Private Limited (GST AAR Tamilnadu) Stemplay Labs Private Limited, a company intending to manufacture non-electronic children’s toys primarily from plastic components, with occasional use of magnets and rubber parts, recently sought an advance ruling from the Tamil Nadu Authority for Advance Ruling (AAR) regarding the Goods and Services Tax (GST) applicable to their products. The company, registered under GST since January 20, 2025, had proposed that their toys, falling under HSN code 9503 0030, should attract a 12% GST rate (6% CGST + 6% SGST), citing similar product...