Gst Bills

The Rajasthan Assembly on Thursday passed the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, which proposes that the registration of companies would not be cancelled even if they fail to file the return for six months. Also, the system of issuing credit notes will also start. Education Minister B.D. Kalla introduced the bill in the house on behalf of the minister in charge. After the discussion on the bill, Kalla in his reply said that many facilities are being given to the traders in the bill, which will also increase the revenue of the state government. He said that the Input Credit Tax has been reformed in the Bill. Interest will now be payable after using the credit tax on an incorrect claim of input credit tax by the dealer. Also, a system for issuing credit notes has been included in the Bill. The minister said that a provision has also been included in the bill that the registration will not be cancelled if the return is not filed for six months. Along with this,

The four bills would next be presented before the upper house of parliament.

Modi had said that the passage of these bills would lead to one tax regime for the entire country

Jaitley explained in detail the four bills to MPs and how they would be beneficial to the common man