Lok Sabha passes GST Amendment Bills [Read Bills]

GST Amendment Bills - Lok Sabha - Taxscan

The Lok Sabha has passed four bills amending laws relating to the Goods and Services Tax (GST). The Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, Union Territory GST (Amendment) Bill and GST (Compensation to States) Amendment Bill were tabled in the lower House of Parliament on Tuesday.

Once implemented, the amendment will make return forms simpler and raise the turnover threshold for availing composition scheme to ₹1.5 crore.

Finance Minister Piyush Goyal said the amendment Bills, i.e., the Central GST (Amendment) Bill, the Integrated GST (Amendment) Bill, the GST (Compensation to States) Amendment Bill and the Union Territory GST (Amendment) Bill, were primarily aimed at helping the MSME sector and small traders.

To Read the full text of the Bills CLICK HERE