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GST rate will be much more diluted than 27%: FM Jaitley

Last Updated: Wednesday, May 6, 2015, 15:32

Revenue Neutral Rate (RNR) is the rate at which there will be no revenue loss to the states after GST implementation.

Lok Sabha passes GST Constitutional Amendment Bill

Last Updated: Wednesday, May 6, 2015, 13:11

The proposed GST would harmonise a mosaic of state and central levies into a national sales tax which business and policy makers hope would boost manufacturing and reduce corruption.