https://www.taxtmi.com/news?id=16764 The note proposes a four-slab multi-rate GST with essential food items zero-rated to prevent regressivity and slabs set to reflect current effective tax burdens, preserving revenue neutrality and limiting inflationary shocks. It also contrasts two compensation financing methods: funding via an additional GST levy, which would require a substantially larger gross tax due to revenue sharing and devolution, versus maintaining targeted cesses for a limited transition period to finance state compensation without imposing extra immediate burden on taxpayers. en-us Thu, 27 Oct 2016 21:30:43 +0530 Wed, 11 Jan 2017 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16764 The note proposes a four-slab multi-rate GST with essential food items zero-rated to prevent regressivity and slabs set to reflect current effective tax burdens, preserving revenue neutrality and limiting inflationary shocks. It also contrasts two compensation financing methods: funding via an additional GST levy, which would require a substantially larger gross tax due to revenue sharing and devolution, versus maintaining targeted cesses for a limited transition period to finance state compensation without imposing extra immediate burden on taxpayers. News - Thu, 27 Oct 2016 21:30:43 +0530 https://www.taxtmi.com/news?id=16764