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LS approves Finance Bill; 5% tax on health care rolled back

03.25.2011 · Posted in Parliament

Lok Sabha on Tuesday passed the Finance Bill after Finance Minister Pranab Mukherjee rolled back his controversial 5 per cent “misery tax” on health care and announced a few other tax concessions. With the passage of the Finance Bill, the Lok Sabha completed the three-stage budgetary exercise amid walkout by the Opposition BJP. Replying to ...

Govt introduces Constitution Bill in LS for GST

03.23.2011 · Posted in Parliament

The govt on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha to facilitate implementation of the Goods and Service Tax (GST), an indirect tax regime that would subsume levies like excise, service tax and sales tax. The Bill, introduced by Finance Minister Pranab Mukherjee seeks to amend the constitution with a view to ...