Answer: Goods and Services Tax (GST)
Notes: The Revenue-neutral rate (RNR) is a key concept in the Goods and Services Tax (GST) framework in India. It refers to the rate at which the government can collect the same amount of revenue as before the implementation of GST, ensuring that the tax system remains neutral in terms of revenue generation. The RNR is crucial for determining the appropriate tax rates for various goods and services under GST, which was introduced in India on July 1, 2017, to streamline the tax structure and eliminate the cascading effect of multiple taxes.
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