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In recommendations aimed at breaking the Goods and Services Tax (GST) logjam, a panel headed by Chief Economic Advisor Arvind Subramanian today suggested dropping additional one per cent tax on inter-state sales over and above the GST rate. (Express Photo)
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Following are the highlights of recommendations of the Committe on Revenue Neutral Rate (RNR) on GST headed by Chief Economic Adviser Arvind Subramanian: (Express Photo)
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9. Union Budget 2016: Asked whether the pending bills on GST and real estate could also be taken up, Azad said these were not discussed. "There has been no discussion on GST. Only those bills will be passed on which there is a general consensus," he said. Another party leader indicated that these bills could only be taken up in the second half of the budget session, which begins from April 25 and ends on May 13. (Reuters)
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2. Standard Rate of GST proposed to range 17-18%. (Express Photo)
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3. Lowest rate of GST proposed at 12 pc and max rate at 40%. (Express Photo)
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4. Remove one per cent additional tax * GST rate be not included in the Constitution Bill. (Express Photo)
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5. Include petroleum and alcohol in GST regime. impact on inflation expected to be minimal. (Express Photo) (Express Photo)
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