Parliament proceedings | GST regime brought down prices, says Nirmala as Rajya Sabha returns two taxation Bills

The Rajya Sabha considered and returned two Bills — the Central Goods and Services Tax (Second Amendment) Bill and the Provisional Collection of Taxes Bill — on December 20 in the absence of Opposition members, who boycotted the proceedings demanding a statement by Union Home Minister Amit Shah on the issue of breach in Parliament security.

While the first Bill is to align the provisions of the Central Goods and Services Tax Act with the Tribunal Reforms Act “to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals at the earliest”, the Provisional Collection of Taxes Bill is to repeal the 1931 Act of the same name and for imposition or increase of duties of customs or excise, with or without change in tariff classification.

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