Goods and Services Tax – GST – Dated:- 15-6-2017 – New Delhi, Jun 15 (PTI) The all powerful GST Council will meet on June 18 to finalise tax rates on lottery as well as rules relating to e-way bill and anti-profiteering measures. This will be the 17th meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts. The Council has already finalised tax rates on almost all goods and services in the bracket of 5, 12, 18 and 28 per cent. The Council may also review rates on certain items, and approve draft GST rules and related forms for advance ruling, appeals and revision, and assessment and audit. In the last meeting of the Council on June 11, tax rates on 66 items, including agarbatti, packaged
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side the state, having value of more than ₹ 50,000 to be registered with the GST-Network (GSTN) website. As per the draft, GSTN would generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled – one day for 100 km and 15 days for more than 1,000 km transit. The tax officials can inspect the 'e-way bill' anytime during the transit to check tax evasion. Industry however has expressed concerns over this saying that the ₹ 50,000 limit was too low and that the timeline for completion of transport operation was impractical and removed from reality . They also felt that the e-way bill would be applicable to movement of all kinds of goods without making any distinction between goods that were ev
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