https://www.taxtmi.com/article/detailed?id=6607 RNR is the tax rate that preserves aggregate Centre and State indirect tax revenues after transition to GST by offsetting input tax credits, removal of cascading and base changes. Determination requires current tax collections and rates, coverage of items and taxes to be subsumed, threshold and exemption choices, and expected base-broadening measures; policy choices then convert a notional RNR into an implementable multi-rate GST structure, with periodic updating and mechanisms to protect State revenues. en-us Thu, 31 Dec 2015 10:24:25 +0530 Thu, 31 Dec 2015 10:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6607 RNR is the tax rate that preserves aggregate Centre and State indirect tax revenues after transition to GST by offsetting input tax credits, removal of cascading and base changes. Determination requires current tax collections and rates, coverage of items and taxes to be subsumed, threshold and exemption choices, and expected base-broadening measures; policy choices then convert a notional RNR into an implementable multi-rate GST structure, with periodic updating and mechanisms to protect State revenues. Articles Goods and Services Tax - GST Thu, 31 Dec 2015 10:24:25 +0530 https://www.taxtmi.com/article/detailed?id=6607