The government proposes to introduce two key bills in the upcoming winter session to pave the way for goods and services tax (GST) appeals tribunals and to seek permission for changes in its spending plans, two people aware of the plans said. The parliament’s winter session is scheduled to commence from 4 December. Experts pointed out that the additional spending requirement is broadly due to externalities. Also, a set of amendments that were proposed to be made in the Companies Act to revamp the statutory audit regime may not make it to the winter session. The winter session of parliament is beginning a day after counting of votes for assembly elections currently being held in five states—Chhattisgarh, Mizoram, Madhya Pradesh, Rajasthan, and Telangana.

Source: Mint November 18, 2023 04:55 UTC