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Lok Sabha passes four amendment bills related
Lok Sabha passes four amendment bills related to GST



NEW DELHI. Four amendment bills related to GST were passed by Lok Sabha on Thursday. Several legislative changes have been incorporated to enhance ease of doing business for owners of MSMEs.
The Lok Sabha also passed the Representation of the People Amendment Bill to give proxy voting rights to overseas Indians. Here's a detailed look at the legislative business transacted in the Lower House.
The Lok Sabha passed amendment bills related to the GST Act following discussion on Thursday. The bills passed included GST Amendment Bill, Integrated GST Amendment Bill, Union Territory Amendment Bill and GST (Compensation to States) Amendment Bill. Responding during the discussion.
Finance Minister Piyush Goyal informed that provision of quarterly returns has been made for businesses with turnovers up to Rs. 5 crore.
The Reverse Charge Mechanism has also been kept in abayance for one year till September 2019.
He added that several other changes have been incorporated to enhance ease of doing business for small enterprise owners.
The GST Council had recommended several amendments in the GST laws during its meet on the 21st of July.
The Lok Sabha also passed the Representation of the People Amendment Bill after discussion to give proxy voting rights to overseas Indians.
The Lok Sabha also saw the tabling of the DNA Technology (Use and Application) Regulation Bill along with the Protection of Human Rights (Amendment) Bill.
Friday is the last day of the monsoon session of Parliament and the government seems keen to see as much legislative business wrapped up as possible.(updated on August 9th, 2018)