Lok Sabha Debates Finance Bill 2025, GST Rates in Focus

By  News On Air   Mar 24, 2025

The Lok Sabha has taken up the Finance Bill 2025. Initiating the discussion, Shashi Tharoor of Congress said that the GST regime in the country is very complex. He alleged that small sweet shops are paying 18 per cent GST, but they are unable to get input credit due to the absence of a Harmonised System of Nomenclature (HSN) code.

Mr Tharoor said there should be relief for the common man who is paying taxes to the government. He termed this finance bill a classic case of what he called a patchwork solution.

Nishikant Dubey of the BJP said the whole world is facing an economic crisis, but India has emerged as a bright spot in the last ten years. Mr Dubey said 28 per cent GST has been imposed on online gaming to keep a check on its unrestrained growth. He said online gaming harms youngsters, and they are spending their parents’ hard-earned money on betting.

Mr Dubey said the government has brought rationalisation in GST rates. Participating in the discussion, Neeraj Maurya of the Samajwadi Party said the government should give more focus to SCs, OBCs and minorities in the budget. He said, without their development, the dream of a developed India cannot be fulfilled.