As many as five Bills were tabled in the Lok Sabha during March as “money bills”. They consist of the Finance Bill and four bills related to the introduction of the Goods and Services Tax (GST).
Finance Bill 2017
The Finance Bill is a piece of legislation that is tabled in parliament every year, along with the Union Budget. Taxation, expenditure and borrowing targets proposed in the budget become operational once the Finance Bill is approved by the Parliament and signed by the President.