GST Council: E-way bill system will be implemented across country, not be mandatory on exempted goods

Finance Minister Arun Jaitley on Saturday announced that GST Council has given nod for nationwide implementation of e-way bill system, even as it will not be mandatory for exempted goods. 

There will be no check posts, process will be preferably technology-driven. 

Some important decisions taken in GST Council meet: 

#Council agreed to reduce job work on textiles, embroidery to five per cent
#GST rate on few tractor components  has been reduced to 18 per cent.
#E- Way Bills will be required for  packages worth over ₹50,000. Appeal to businesses to pass on  input credit benefits to consumers
#Work contracts under GST to be taxed at 12 pc with input tax credit
#To set up state, centre screening panel on Anti-profiteering within 15 days
#Unified e-way bill likely from Oct 1
#To seek parliamentary approval to raise  cess on luxury cars by 10%

The next meeting of the GST Council will be held in Hyderabad on September 9.

Read | GST Council meet on Saturday: Textile industry may get tax benefit; Jaitley to review implementation of new regime