The Subramanian committee proposed a revenue-neutral rate of:
A8 to 10 per cent
B15 to 15.5 per cent
C22 to 24 per cent
D28 to 30 per cent
Answer & Solution
Correct answer: B. 15 to 15.5 per cent
The committee headed by Arvind Subramanian proposed a revenue-neutral rate of 15 to 15.5 per cent.
Keep practising Computation of GST Liability
Browse all Computation of GST Liability questions for CA Inter, or explore more Taxation topics.
Related questions
For related-person tests, the term person also includes:Persons who are legally recognised partners in business are:Notified service of Rs 1,00,000 under reverse charge at 18%. Recipient pays?Intra-State sale of Rs 2,00,000 at 18% GST. CGST payable?Rs 50,000 sale; pre-agreed invoice-linked Rs 5,000 later discount, ITC reversed. Value?Rs 50,000 sale; Rs 5,000 later discount never agreed earlier. Value?Price Rs 20,000 plus Rs 1,000 State-law cess billed separately. GST at 18%?Price Rs 30,000; buyer paid supplier's Rs 2,000 insurance, not in price. Value?