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GST Council finalises e-way Bill
07
Aug '17
The Goods and Services Tax (GST) Council, headed by Union finance minister Arun Jaitley and comprising finance ministers of all states, has finalised the e-way Bill. The Bill mandates pre-registration of all goods worth over Rs 50,000 before they are transported for sale. However, pre-registration would not be applicable for goods exempted under GST.

Exemption from e-way Bill would also be applicable if goods are to be transported within a distance of 10 km.

The date of application of the e-way Bill would be notified shortly, Jaitley told reporters after the 20th meeting of the GST Council.

The Council also reduced the GST rate on job work on all textile-related items to 5 per cent to ensure smooth functioning of the labour-intensive sector.

The finance minister appealed to businesses to pass on the benefit of the reduced tax under GST to consumers, failing which anti-profiteering mechanism will be triggered.

The Council would hold its next meeting in Hyderabad on September 9. (RKS)

Fibre2Fashion News Desk – India


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