A panel led by Chief Economic Advisor Arvind Subramanian today submitted its report to Finance Minister Arun Jaitley that outlines the scope of the ambitious tax that aims to create a national market. Read more at: http://www.moneycontrol.com/news/economy/cea-led-panel-recommends-15-155-gst-revenue-neutral-rate_4466321.html#discontent_div?utm_source=ref_article
A panel led by Chief Economic Advisor Arvind Subramanian today submitted its report to Finance Minister Arun Jaitley that outlines the scope of the ambitious tax that aims to create a national market. Read more at: http://www.moneycontrol.com/news/economy/cea-led-panel-recommends-15-155-gst-revenue-neutral-rate_4466321.html#discontent_div?utm_source=ref_article
A panel led by Chief Economic Advisor Arvind Subramanian today submitted its report to Finance Minister Arun Jaitley that outlines the scope of the ambitious tax that aims to create a national market. Read more at: http://www.moneycontrol.com/news/economy/cea-led-panel-recommends-15-155-gst-revenue-neutral-rate_4466321.html#discontent_div?utm_source=ref_article
A panel led by Chief Economic Advisor Arvind Subramanian today submitted its report to Finance Minister Arun Jaitley that outlines the scope of the ambitious tax that aims to create a national market. The key revenue neutral rate suggested by the CEA panel stood at 15-15.5 percent. The standard rate for GST stood at 17-18 percent, the rate at which most products would likely be taxed.
However, the key revenue neutral rate suggested by the CEA panel stood at 15-15.5 percent. The standard rate for GST stood at 17-18 percent, the rate at which most products would likely be taxed. Read more at: http://www.moneycontrol.com/news/economy/cea-led-panel-recommends-15-155-gst-revenue-neutral-rate_4466321.html#discontent_div?utm_source=ref_article
However, the key revenue neutral rate suggested by the CEA panel stood at 15-15.5 percent. The standard rate for GST stood at 17-18 percent, the rate at which most products would likely be taxed. Read more at: http://www.moneycontrol.com/news/economy/cea-led-panel-recommends-15-155-gst-revenue-neutral-rate_4466321.html#discontent_div?utm_source=ref_article
Reacting to the CEA-led recommendations on the GST revenue neutral rate and standard rate, Nadir Godrej, MD, Godrej Industries said, although one is happy that something is moving forward in terms of GST, standard rate recommended is on the higher side. However, he is very pleased with the recommendation of doing away with 1 percent inter-state tax.
According to Kevin P D'sa, President Finance Bajaj Auto, the recommendations are extremely positive, especially, the standard rate of 17-18 percent. Also doing away with 1 percent inter-state tax would be welcomed by the auto industry, he said.For the entire discussion, watch video
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