Finance Minister Nirmala Sitharaman Thursday said seven legislations under indirect taxation are being amended to ensure greater simplicity, as she moved the Finance Bill in the Lok Sabha. She told the Lower House that amendments to laws are being made through the Finance Bill in five major categories, including in the Goods and Services Tax (GST). Apart from seven Acts related to indirect taxation being amended, the government would also be bringing changes to seven laws related to direct taxation. A Finance Bill can only have taxation proposals, Premachandran said, soon after the finance minister stood up to move the bill for consideration and passage. Birla, in his ruling, disallowed Premachandran's objections and said there have been occasions earlier as well when non-taxation proposals were included in the Finance Bill.

Source: dna July 18, 2019 11:26 UTC