https://www.taxtmi.com/news?id=15306 Recommend a national GST RNR of 15-15.5% (preferably 15%), derived from adjustments to indirect tax turnover estimates and validated against macro and direct-turnover approaches. Adopt a transitional multi-rate structure: combined lower rate 12%, combined standard rate 17-18% (under 15% RNR), and a combined demerit rate 40% for luxury/sin goods. Require a narrow, common exemptions list, elimination of CVD/SAD exemptions, preservation of input tax credits (including on capital goods), a transparent five year State compensation mechanism, and no administratively complicating state rate bands. en-us Thu, 10 Dec 2015 09:27:17 +0530 Wed, 11 Feb 2026 15:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15306 Recommend a national GST RNR of 15-15.5% (preferably 15%), derived from adjustments to indirect tax turnover estimates and validated against macro and direct-turnover approaches. Adopt a transitional multi-rate structure: combined lower rate 12%, combined standard rate 17-18% (under 15% RNR), and a combined demerit rate 40% for luxury/sin goods. Require a narrow, common exemptions list, elimination of CVD/SAD exemptions, preservation of input tax credits (including on capital goods), a transparent five year State compensation mechanism, and no administratively complicating state rate bands. News - Thu, 10 Dec 2015 09:27:17 +0530 https://www.taxtmi.com/news?id=15306