Pulling a thread from where Finance Minister Nirmala Sitharaman left yesterday during her discussion on Finance Bill 2024-25 in the Lok Sabha, she said on Thursday fitment committee that looks after GST related proposals have members from all states, including from the Opposition ruled state
Speaking on the suggestions by many Opposition members to reduce GST on health insurance premiums, Finance Minister Nirmala Sitharaman on Wednesday hit back at them stating that taxes were imposed on such items even before the GST regime came into effect in 2017.
The Lok Sabha has begun discussion on the Finance Bill after the Appropriation Bill for the central government's expenditure for 2024-25 was passed by the House on Monday.
Responding to the questions raised on the Finance Bill on Wednesday, Finance Minister Nirmala Sitharaman said that the government has brought in transformational changes in taxation to enable growth and employment in the country.
Finance Minister Nirmala Sitharaman, taking part in the discussion on the consideration and passing of Finance Bill 2024, observed that her government has been taking several decisions to provide relief to the middle class on the personal tax income front.
The Finance Bill for the financial year 2024-2025 which was moved by Union Finance Minister Nirmala Sitharaman on August 6, will be taken into consideration and passing in Lok Sabha on Wednesday.
Real estate industry leaders hailed the proposed amendment by Finance Minister Nirmala Sitharaman in the Finance Bill to give big relief on capital gains tax in property transactions.
Union Finance Minister Nirmala Sitharaman will move the Finance (No.2) Bill, 2024, for consideration in Parliament on Tuesday to give effect to the financial proposals of the central government for the financial year 2024-25.