Lower tax rate to improve compliance: Goyal

NEW DELHI: The Lok Sabha today passed four bills to amend the GST law, as Finance Minister Piyush Goyal said lower tax rates will improve compliance and enhance revenue collection.

Replying to a debate on Good and Services Tax (Amendment) Bill 2018, he said tax collection will not come down despite reduction in taxes as he allayed the concerns to that effect raised by some members.

The lower rates will rather improve compliance and enhance revenue collection, he added.

The four bills, which were passed together by a voice vote, are the Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, GST (Compensation to States) Amendment Bill and Union Territory GST (Amendment) Bill. (AGENCIES)