https://www.taxtmi.com/news?id=17121 The report recommends a combined national Revenue Neutral Rate of 15-15.5% (preferring 15%) and a pragmatic multi-rate design: a lower combined rate around 12% (6% centre + 6% states), a standard combined rate about 17-18%, and a combined demerit rate near 40% for specified luxury/sin goods. It urges a narrow, common exemptions list, phase-out of CVD/SAD and area-based exemptions, compensation rules for States during transition, and careful monitoring to contain inflation and improve compliance. en-us Mon, 19 Dec 2016 10:15:35 +0530 Wed, 11 Feb 2026 15:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17121 The report recommends a combined national Revenue Neutral Rate of 15-15.5% (preferring 15%) and a pragmatic multi-rate design: a lower combined rate around 12% (6% centre + 6% states), a standard combined rate about 17-18%, and a combined demerit rate near 40% for specified luxury/sin goods. It urges a narrow, common exemptions list, phase-out of CVD/SAD and area-based exemptions, compensation rules for States during transition, and careful monitoring to contain inflation and improve compliance. News - Mon, 19 Dec 2016 10:15:35 +0530 https://www.taxtmi.com/news?id=17121