GST Bill May Pass But Can Again Face Parliament As Finance Bill
Finally,a healthy debate occurred in Rajya Sabha on 3rd August 2016, for the first time, after GST Bill was passed in Lok Sabha.It can pave a way for passing of GST Bill.
The Congress and some parties demanded that it should be passed as Finance Bill rather than a Money Bill. They also demanded that it should come back to both the houses of Parliament after being passed in respective State Legislative Assemblies for further debate.
It is pertinent to understand that there are 3 kinds of Financial Bills as below :
b.Financial Bills category-I &
c.Financial Bill category-II.
Whereas,Money Bills are those bills which are related to exclusive provisions as listed in Article 110 of the constitution.
But, Financial Bills are those bills which are related to fiscal matters.Hence, the demand of such parties cannot be brushed aside.