 "Finance Minister Arun Jaitley said that there will be 5% tax on the entire chain in the textile sector")
The Goods and Services Tax (GST) Council on Saturday gave an in-principle approval to the e-way bill, to keep tabs on the movement of goods. It also approved setting up anti-profiteering committees in all states and the Centre in the next 15 days to ensure industries were passing on the benefit of input tax credit to customers.
Once the e-way bill is implemented, likely by October 1, all goods and services worth Rs 50,000 or more would need to be registered before these are moved 10 km for sale. The Council promised there would be very few check posts to
