Which of the following committees has submitted its recommendations on the possible tax rate under GST?
A. TSR Subramanian Committee
B. Dr Arvind Subramanian Committee
C. Rangrajan Committee
D. Vimal Jala Committee
Answer:B
Which of the following committees has submitted its recommendations on the possible tax rate under GST?
A. TSR Subramanian Committee B. Dr Arvind Subramanian Committee C. Rangrajan Committee D. Vimal Jala Committee
Explanation: Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister; On the Revenue Neutral Rate (RNR), the Committee recommends the same in the range between 15 percent and 15.5 percent (Centre and states combined) with a preference for the lower end of that range based on the analysis made in the Report.