GST provision requires goods more than Rs 50,000 to be pre-registered online before it can be moved
The GST Council is likely to lower tax rate tomorrow on job works making fabric to garments to 5 per cent and put in place a mechanism for online registration of goods above a certain value before they can be transported.
The Council, headed by Finance Minister Arun Jaitley, will also review at its meeting the implementation of the new Goods and Services Tax (GST) regime since July 1 and may finalise a mechanism to operationalise anti-profiteering provision to protect consumer interest.
Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna said the movement of goods between states has smoothened with 25 out of 29 states abolishing check posts.(economy policy)
"About 25 states have removed those check posts. So far, it has been going all right," she told PTI.
This would further smoothen after e-way bill in GST that requires any goods more than Rs 50,000 in value to be pre- registered online before it can be moved is implemented.
"As the e-way bill process for the whole of India gets panned out, we should be able to do something which will be better," Sarna said.
She, however, declined to comment on whether the threshold in e-way bill will be retained at Rs 50,000 amid demands from various quarters to raise it.
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