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Time To Discuss Imposing Limits On Cess: NK Singh
As a proportion to gross tax revenue, the cess and surcharge collection by the centre has almost doubled in a gap of 10 years.
22 Feb 2021, 11:09 AM IST
There should be a legal limit on the cesses and surcharges collected by the central government for various purposes, according to NK Singh, chairman of the Fifteenth Finance Commission.The commission, however, chose not to make any recommendation on the issue as it was not a part of its mandate, Singh told BloombergQuint in an interview.For now, there is a need for wider consultation on the future of such cesses.“Because it cannot ce...
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