Difference between Revenue neutral rate and Interstate trade

How to differentiate Interstate trade with Revenue neutral rate?

 

What is Interstate trade? How does Revenue neutral rate work under GST regime? What are the difference between Interstate trade and Revenue neutral rate?

 

Under GST system, the following information explains about Interstate trade and Revenue neutral rate.

 

As per GST terms,    Interstate trade From the very beginning of its deliberations the Constituent Assembly was keen to ensure the freedom of inter-State trade and commerce throughout the Union. In fact, one of the primary purposes of federal Union itself is the establishment of freedom of commerce. And Revenue neutral rate Focus under GST is to arrive at such rates which would not decrease the current revenue generation by Central & State government. Revenue neutral rate (RNR) is a structure of different rates established in order to match the current revenue generation with revenue under GST. RNR calculation has to include the cascading effect on certain goods having no excise or sales tax implications.

The details about Interstate trade and Revenue neutral rate with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Interstate trade and Revenue neutral rate, so as to enable you to have a clear idea on these GST terms.

 

For your immediate reference, We give below web links on Interstate trade and Revenue neutral rate separately below.  You may kindly read the below links to know more about Revenue neutral rate  and  Interstate trade.  

 

Interstate trade or commerce means

Term Revenue neutral rate (RNR) under GST

 

 

The above information easily explains about Revenue neutral rate and Interstate trade.

 

I hope, you have satisfied with the difference between Interstate trade and Revenue neutral rate explained above. Do you have different thought on difference between Revenue neutral rate and Interstate trade?

 

Share below your thoughts about Interstate trade and Revenue neutral rate

 

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Import of goods attracts IGST but not CVD under GST regime

Import goods attracts IGST and CVD under GST regime

Import Goods attract IGST, CVD and Compensation Cess under GST regime

Safeguard duty and Anti-dumping duty after GST implementation

Section 1 of UTGST Act 2017       

Section 172 of CGST Act, 2017 Removal of difficulties

Section 170 Rounding off of tax, CGST Act, 2017

Sec 168 of CGST Act, 2017 Power to issue instructions or directions          

Section 163 of CGST Act, 2017 Levy of fee            

Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017

Term Intra State Sales under GST

Interest on delayed payment of tax under GST

Inter State supplies under GST

Meaning of Interstate dealer and seller

Inter State B2C Supply Means

Meaning of term Inter-State Goods and Service Tax (IGST) under GST

Inter and Intra State Level tax under GST

What is Integrated Tax under GST

How does TT (Telegraphic Transfer) work?

 How does Wire transfer work in international business?

 How is assessable value calculated by customs for imports?

How is IGM filed under high sea sale?

 How many of you know the meaning of Exports and Imports in India?

 How many types of imports in India. Types of bills of Entry in India

How many types of shipping bills in export

 How to add Line number in Import General Manifest in Custom in India

How to amend AWB number in Import General Manifest (IGM)

 How to amend BL number in Import General Manifest (IGM)

How to amend consignee (importer) name in Import General Manifest (IGM)

Customs procedures for Burkina Faso Export

Registration required to export from Burkina Faso

Documents needed for Burkina Faso import

Import Customs processes in Burkina Faso

Import Registration and import Licence procedures in Burkina Faso

How to export from Bhutan?

How to avoid two import DO charges at destination

What is LC Letter of Credit in export import business

What is legalization of documents by embassy?

What is LET EXPORT order in export trade?

 How to book empty container for factory/CFS/ICD/port stuffing

 How to calculate CBM in LCL export shipments:

 How to calculate chargeable weight under airfreight in exports?

How to check the time of contract on high sea sale transaction?

How to Choose a product for export business

How to export from India to Marshall Islands?

How to export from Kosovo?

How to Import to Kosovo?

How to import to India from Kosovo?

How to export from India to Kosovo?

How to export from Portugal?

 

 

 

 

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers