Finance Minister Nirmala Sitharaman introduces a bill to replace the Second Amendment Ordinance 2025 regarding the Manipur Goods and Services Act, 2017. The proposed legislation aims to clarify tax rules on vouchers and plant machinery while preventing leakages in the supply chain. The speaker highlights that transactions in Special Economic Zones (SEZ) will be treated as neither supply of goods nor services to avoid unintended tax implications. Additionally, the bill seeks to resolve ambiguity around input tax credits and streamline the appeal process to discourage frivolous litigation. However, the proceedings are marred by disruptions as opposition members demand a discussion on the ‘SIR’ process. A reporter notes that the government considers the issue to be within the Election Commission’s domain, leading to a continued deadlock in the House.
#Parliament #WinterSession #GST #itwebvideos #Manipur #ElectionCommission #SIR #Opposition #LokSabha #TaxReform #Democracy #Politics #India #Legislation #Government #News
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