New Delhi: 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. The changes would ensure that indirect taxation-related matter would have greater simplicity and be effective, she said. According to her, eight Acts pertaining to financial markets, including Sebi Act, are being amended. "The government considers it very imperative," she asserted.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: Economic Times July 18, 2019 08:43 UTC