GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman

Last updated: 06 September 2024

Ahead of the GST Council meeting on September 9, Union Finance Minister Nirmala Sitharaman emphasized that the current GST rate of 12.2% is significantly lower than the revenue neutral rate (RNR) of 15.3%. This reduction, she noted during an event by the Revenue Bar Association in Chennai, translate
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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