HomeLatest NewsTaxation law weakens rights & resources available to states under new GST...

Taxation law weakens rights & resources available to states under new GST regime: TMC MP Mahua Moitra

@the_news_21

Trinamool Congress (TMC) MP Mahua Moitra on Saturday said in the Lok Sabha that The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020 corners the public funds for Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to the direct detriment of state relief funds.

“The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020, is deeply problematic because it further weakens the rights & resources available to states by taking away statutory promises made under the new GST regime,” the TMC MP said.

“The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020 corners the public funds for PM-CARES to the direct detriment of state relief funds,” she added.

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was passed in the Lok Sabha with a voice vote today.

Earlier on March 31, 2020, The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 was promulgated which, among other things, provided for a deduction for donation made to the PM-CARES Fund.

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

32 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img

@the_news_21

Trinamool Congress (TMC) MP Mahua Moitra on Saturday said in the Lok Sabha that The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020 corners the public funds for Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to the direct detriment of state relief funds.

“The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020, is deeply problematic because it further weakens the rights & resources available to states by taking away statutory promises made under the new GST regime,” the TMC MP said.

“The Taxation and other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020 corners the public funds for PM-CARES to the direct detriment of state relief funds,” she added.

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was passed in the Lok Sabha with a voice vote today.

Earlier on March 31, 2020, The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 was promulgated which, among other things, provided for a deduction for donation made to the PM-CARES Fund.

Html code here! Replace this with any non empty text and that's it.

32 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img