09 August 2018 Current Affairs:
The government introduced four Bills to amend the Goods and Services Tax (GST) laws in order to make the return forms simpler and raise the turnover threshold for availing composition scheme to Rs. 1.5 crore.
The four amendment Bills are the Central GST (Amendment) Bill, the Integrated GST (Amendment) Bill, the GST (Compensation to States) Amendment Bill and the Union Territory GST (Amendment) Bill. Initially, the Bill was aimed to help the MSME sector and small traders.