Maximize your media exposure with our single PR package
Uniform GST rate of 12% on PP-polyethylene bags, sacks
21 Sep 19 1 min read
A uniform goods and services tax (GST) rate of 12 per cent will now be imposed on polypropylene (PP)-polyethylene woven and non-woven bags and sacks—both laminated and otherwise—of the kind used for packing goods, the 37th GST Council meeting in Goa decided yesterday. The present GST rates on these items have three slabs: 5 per cent, 12 per cent and 18 per cent.
The council met under the chairmanship of finance and corporate affairs minister Nirmala Sitharaman.
It was decided to offer GST exemption to services provided by an intermediary to a supplier of goods or recipient of goods when both the supplier and recipient are located outside the taxable territory, according to an official release.
In the transportation sector, the validity of conditional exemption of GST on export freight by air or sea was extended by another year, till September 30, 2020.
Services of storage or warehousing of cereals, pulses, fruits, nuts, vegetables, spices, copra, sugarcane, jaggery, raw vegetable, indigo and fibres like cotton, flax and jute, are now exempted from GST as well. (DS)
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
The council met under the chairmanship of finance and corporate affairs minister Nirmala Sitharaman.
It was decided to offer GST exemption to services provided by an intermediary to a supplier of goods or recipient of goods when both the supplier and recipient are located outside the taxable territory, according to an official release.
In the transportation sector, the validity of conditional exemption of GST on export freight by air or sea was extended by another year, till September 30, 2020.
Services of storage or warehousing of cereals, pulses, fruits, nuts, vegetables, spices, copra, sugarcane, jaggery, raw vegetable, indigo and fibres like cotton, flax and jute, are now exempted from GST as well. (DS)
Fibre2Fashion News Desk – India
Popular News
|
AMANN Group opens new sustainable production plant in India |
|
China, Australia deliberate FTA execution: Reports |
|
Swedish firm Lindex Group’s revenue at $207 mn in Q1 FY24 |
|
Bangladesh garment makers seek US support for fair apparel pricing |
|
Australia ramps up sustainable fashion amid growing awareness |
|
Global sports company Puma & Scuderia Ferrari launch new collection |