New Delhi: The Parliament on Tuesday greenlit the government’s proposal for an additional spending of ₹58,378 crore in FY24. Last week, Lok Sabha passed the supplementary demands for grants, and forwarded it to Rajya Sabha. Meanwhile, Central Goods and Services Tax (Second Amendment) Bill, 2023 and the Provisional Collection of Taxes Bill, 2023 were passed in the Lok Sabha on Tuesday through voice vote. The CGST Bill, 2023 seeks to raise age limits for the president and members of GSTAT from 67 and 65 years, respectively, to 70 years. The Provisional Collection of Taxes Bill, 2023 proposes to replace the erstwhile Provisional Collection of Taxes Act, 1931.

Source: Mint December 21, 2023 07:25 UTC