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Finance Minister Nirmala Sitharaman said eight Acts pertaining to financial markets are being amended

Finance Minister Nirmala Sitharaman said eight Acts pertaining to financial markets are being amended

Finance Minister Nirmala Sitharaman said on Thursday that seven legislations under indirect taxation are being amended to ensure greater simplicity, as she moved the Finance Bill in the Lok Sabha.She told the lower house of Parliament that amendments to laws are being made through the Finance Bill in five major categories, including in the Goods and Services Tax (GST). Apart from seven Acts related to indirect taxation being amended, the government would also be bringing changes to seven laws related to direct taxation. The changes would ensure that indirect taxation-related matters would have greater simplicity and be effective, she said. About proposed amendments to direct taxation-related laws, Ms Sitharaman said those are being done for furthering the agenda of Make in India, adding the country needs a lot more manufacturing activities.

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