<h1>Committee Recommends GST Revenue Neutral Rate of 15-15.5%, Proposes Two-Rate Structure and 40% Sin Tax on Luxuries.</h1> A committee led by the Chief Economic Adviser submitted a report on potential GST tax rates to the Finance Minister, recommending a Revenue Neutral Rate (RNR) between 15% and 15.5%, favoring the lower end. The report emphasizes GST's potential to enhance governance, unify markets, and set global VAT standards. It suggests a two-rate structure with lower rates around 12% and standard rates between 17% and 18%. The report advises a 40% sin tax on luxury items and stresses minimizing exemptions to prevent inflation. It highlights GST's role in simplifying the tax system and supporting economic growth, urging careful implementation and monitoring.