The Goods and Services Tax (GST) Council on Saturday gave in-principle nod for implementation of GST e-way Bill across the country. Also, it decided that pre-registration requirement under e-way Bill is not mandatory for exempted goods. It reduced the tax rate on some tractor parts from 28 per cent to 18 per cent and lowered the rate on job work on all textile related items to 5 per cent from of 18 per cent.
The Council will hold its 21st meeting on September 9 in Hyderabad. The Council also finalised the e-way Bill that mandates pre-registration of all goods worth over Rs 50,000 before they are moved for sale beyond 10 km.