CEA led Panel recommends RNR at 15-15.5% and eliminating Additional Tax of 1% on inter-state supply of goods

CEA led Panel recommends RNR at 15-15.5% and eliminating Additional Tax of 1% on inter-state supply of goods https://www.taxtmi.com/article/detailed?id=6563 The Committee recommends a Revenue Neutral Rate near 15-15.5% (preferred lower end) and conditional national rate structures: a pragmatic two rate system initially with most of the base taxed at a standard rate close to the RNR, a limited low rate for some goods, and a high sin/demerit rate for luxury and harmful goods, while urging elimination of inter state taxes and rationalization of exemptions with allocation decisions to be made by the GST Council. en-us Mon, 07 Dec 2015 09:55:38 +0530 Mon, 07 Dec 2015 09:55:38 +0530 TaxTMI RSS Generator CEA led Panel recommends RNR at 15-15.5% and eliminating Additional Tax of 1% on inter-state supply of goods https://www.taxtmi.com/article/detailed?id=6563 The Committee recommends a Revenue Neutral Rate near 15-15.5% (preferred lower end) and conditional national rate structures: a pragmatic two rate system initially with most of the base taxed at a standard rate close to the RNR, a limited low rate for some goods, and a high sin/demerit rate for luxury and harmful goods, while urging elimination of inter state taxes and rationalization of exemptions with allocation decisions to be made by the GST Council. Articles Goods and Services Tax - GST Mon, 07 Dec 2015 09:55:38 +0530 https://www.taxtmi.com/article/detailed?id=6563