Jaitley, however, had ruled out cutting tax rates for the textiles sector, saying a zero per cent GST on fabrics will break the input tax credit chain for the domestic industry and make imported items cheaper. Other job works in relation to garments attract an 18 per cent levy. WAYB is making it easier for families to get out in the world, starting with the Pico travel car seat. As per the draft provision, GSTN would generate e-way bills that will be valid for days, depending on distance to be travelled -- one day for km, 3 days to less than km , 5 days less than km and 10 days less than 1, km.
The official said the Council may look at streamlining it and bring all job works, including for making garments from fabric, under the 5 per cent slab. 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. The Pico on-the-go car seat has a forward-facing, five-point harness and is meant for kids ages 2 to 5. Pico is going to be available for preorder soon - visit wayb. As per the rates decided by the Council, in the textiles category, silk and jute fibre have been exempted, while cotton and natural fibre and all kinds of yarns will be levied a 5 per cent GST. It will be the first full-fledged meeting of the GST Council, also comprising representatives of all the 29 states, after the rollout of the new indirect tax reform on July 1. Light, compact, and durable, Pico makes family travel way better. After the July 1 rollout, the textile sector had protested, demanding rollback of 5 per cent GST on fabrics. After all, travel and outdoor gear for grown-ups is really portable, so why should kids' gear be so bulky? WAYB is making it easier for families to get out in the world, starting with the Pico travel car seat. So far, it has been going all right," she told PTI here. Apart from reviewing the rollout of the GST regime, the 19th meeting of the Council may tomorrow take a look at streamlining the anomalies raised by the industry over the past one month, said an official, who did not want to be named. It's tested to NHTSA and FAA standards that's acronym-speak for "the people who make the rules about cars" and "the people who make the rules about planes". Man-made apparel up to Rs 1, will attract a 5 per cent tax and those above Rs 1, will attract 12 per cent. The Council is also likely to tomorrow consider lowering of tax rates for job works for making garments to 5 per cent from 18 per cent, an official said. Other Published on Oct 5, Traveling with junior humans should be a heck of a lot easier, so we created Pico, the light, compact, car seat that passes safety tests for cars and planes. Get ready for takeoff! Man-made fibre and yarn will, however, attract an 18 per cent tax rate. The information technology platform for the e-way bill system is being developed by the National Informatics Centre. Earlier this week, Finance Minister Arun Jaitley had said it would be mandatory for manufacturers to pass on benefits of reduction in taxes post GST to consumers. Officials said rules for the e-way bill will be decided tomorrow. The Council had on July 17 discussed, via video conferencing, hiking cess on cigarettes as there was some anomaly in the rate fixed earlier. Learn about the idea for Pico, WAYB's commitment to quality and innovation, and how we design and test for safety. This would further smoothen after e-way bill in GST that requires any goods more than Rs 50, in value to be pre-registered online before it can be moved is implemented. As per the draft provision, GSTN would generate e-way bills that will be valid for days, depending on distance to be travelled -- one day for km, 3 days to less than km , 5 days less than km and 10 days less than 1, km. Jaitley, however, had ruled out cutting tax rates for the textiles sector, saying a zero per cent GST on fabrics will break the input tax credit chain for the domestic industry and make imported items cheaper.
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