FreeCurrencyRates.com

इंडियन आवाज़     23 May 2024 08:37:21      انڈین آواز

GST Council approves E-Way bill rules; cuts tax on textile work to 5% from 18%

(Last Updated On: )

GST 2

AMN

The Goods and Services Tax (GST) Council has given its in principle approval to E Way bill rules in a meeting this evening in New Delhi. Briefing media after the meeting, Finance Minister Arun Jaitley said, pre-registration requirement under GST e-way bill is not mandatory for exempted goods and E-way Bills will be required for packages worth over 50 thousand rupees.

He said there will be no check posts and the process will be technology driven. He said said E way bill will be implemented across the country.

Mr Jaitley also said that GST Council has cut tax on textile work to 5 percent from 18 percent. The GST rate on few tractor components have been reduced to 18 percent from 28 per cent. The Minister said work contracts under GST will be taxed at 12 percent with input tax credit.

Saying that the number of registrations have been satisfactory, Mr Jaitley said more than 71 lakh taxpayers have migrated to GST and 15.67 lakh new applications have been received. The next meeting of GST will be held on the 9th of September in Hyderabad.

Please email us if you have any comment.

خبرنامہ

ایرانی صدر ابراہیم رئیسی اور وزیر خارجہ ہیلی کاپٹر حادثے میں جاں بحق

ایرانی میڈیا نے ہیلی کاپٹر حادثے میں صدر ابراہیم رئیسی کے جا ...

ایران: صدر رئیسی کے ہیلی کاپٹر کی تلاش کے لیے سرچ آپریشن جاری ہے۔

ایران: صدر رئیسی کے ہیلی کاپٹر کی تلاش کے لیے سرچ آپریشن جاری ...

ناہمواریوں کے باوجود عالمی معیشت میں بہتری کی امید

ترقی پذیر ممالک میں محنت کشوں کے معاوضوں میں اضافہ ہو رہا ہے ...

MARQUEE

Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...

MEDIA

Tamil Nadu CM Stalin attacks BJP over ‘saffron’ Doordarshan logo

AMN DMK Chief and Tamil Nadu chief minister MK Stalin on Sunday slammed the Bharatiya Janata Party (BJP) f ...

Broadcasting Authority Penalises TV Channels for Hate-Mongering, Orders Removal Of Offensive Programs

Broadcasting Authority (NBDSA) Orders Times Now Navbharat, News 18 India, Aaj Tak to Take Down 3 TV Shows ...

RELIGION

Uttarakhand: Portals of Badrinath Shrine open for Pilgrims

The portals of the famous Badrinath shrine, located in Chamoli district of Uttarakhand, opened this morning at ...

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

@Powered By: Logicsart