GST rate much below revenue neutral rate to lessen burden on taxpayers: FM Sitharaman ...Middle East

News room odisha - News

Chennai: Union Finance Minister Nirmala Sitharaman on Thursday said that the goods and services tax (GST) rate is much below the revenue neutral rate (RNR), originally suggested at 15.3 per cent, which means less burden on taxpayers. The current average GST rate has decreased to 12.2 per cent as of 2023, much below the revenue neutral rate in GST, the Finance Minister said during an event organised by the Revenue Bar Association here. The government needs to raise revenue, “but simplifying, easing and ensuring compliance for taxpayers comes first”, she said. Her comments came ahead of the 54th GST Council meeting in New Delhi on September 9. In an earlier post on X, the minister had said th

Hence then, the article about gst rate much below revenue neutral rate to lessen burden on taxpayers fm sitharaman was published today ( Thursday 05/09/2024 - 01:41 PM ) and is available on News room odisha ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( GST rate much below revenue neutral rate to lessen burden on taxpayers: FM Sitharaman )

Last updated : 05 September 2024 clock 01:41 PM

Also on site :

GST rate much below revenue neutral rate to lessen burden on taxpayers: FM Sitharaman ...Middle East

Who was Alex Pretti? 37-year-old identified as man shot dead by federal officers in Minneapolis

Bronze pair

People Are Panic Buying for the Winter Storm. An Expert Explains Why We Do It

Timberwolves-Warriors game canceled after fatal shooting by Border Patrol in Minneapolis

I Tried 14 Popular Microwave Popcorn Brands and the Winner Won by a Landslide

‘The Traitors’ Issues Warning To Viewers: “What Happens In The Game Should Never Lead To Cyberbullying Or Harassment”

Pirates Open To Re-Signing Andrew McCutchen

Stephen A. Smith Reacts to Steelers’ Hiring of Mike McCarthy as Head Coach

Big Ten 2026 schedule preview: Calendar change should limit byes, reduce frustration on the West Coast

Texas snaps two-game losing streak, defeats Georgia behind 57-point second half

Rockies Todd Helton, Larry Walker getting statues at Coors Field

Suspect in Mission Beach stabbing found mentally incompetent

Ethan Hawke and Woody Harrelson Swap Robert Redford Stories at Sundance: “I Wet Myself”

Desperate Housewives Was Inspired By A Conversation Over A Real-Life Tragedy

Weakest Mayor in America Conquers His Greatest Foe... Cat Dander