B.P.S.C. (CDPO) (Pre) 2018
In the context of 'Goods and Services Tax (GST)', what does 'Revenue Neutral Rate' mean?
aThe rate at which tax revenue for the state and center remains the same as before GST✓ Correct
bThe tax rate will be the same for the center and the state
cThe tax rate at which central and state revenue remains the same
dThe ratio of tax revenue from the state to the center should increase
eNone of the above
Explanation
In the context of GST, “Revenue Neutral Rate” means the rate at which tax revenue for the States and the Centre remains the same as it was before GST. The Goods and Services Tax (GST) is an indirect tax system implemented in India on 1 July 2017. ## Page 2
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