Rajya Sabha Passes Finance Bill With Amendments

The Rajya Sabha today (29 March) passed the Finance Bill after various amendments presented by Union finance minister Arun Jaitley.

“As far as benefits are concerned, you can produce Aadhaar. If you don't have one, you can produce other ID and simultaneously apply for it,” Finance Minister Arun Jaitley.

He also said that the government will issue electoral bonds.

“There are lot of wild information going around over the authority of
assessment officers over search and seizure,” said Jaitley. “Let me clarify this under section 132, a satisfaction note must be submitted before search and entering premise and that has to be submitted in the court,” he added while notifying that the Finance Bill protects the source of information for tax evasion.

Expressing unhappiness over the “immoral” Finance Bill, Communist Party of India (Marxist) general secretary Sitaram Yechury, however, expressed satisfaction that the centre had been defeated by the Rajya Sabha on four of the amendments.

Earlier today, Jaitley moved four Goods and Services Tax (GST) Bills for consideration and passage in the Lok Sabha, which then took them up for discussion. The Central Goods and Services Tax Bill 2017 along with three other GST Bills were moved for consideration in the lower house.

With Inputs From ANI.