Bengal Finance Min Says Centre Imposing Cess, Surcharges to Deny States their Share of Revenues
3 years, 10 months ago

Bengal Finance Min Says Centre Imposing Cess, Surcharges to Deny States their Share of Revenues

News 18  

West Bengal Finance minister Amit Mitra Saturday said the Centre is on a spree to impose cess and surcharges to deny the states from getting their share of revenues. The Centre has increased cess and surcharges from eight to 16 per cent over and above the taxes so as not to share with the states, he told reporters here a day after the vote-on-account by Chief Minister Mamata Banerjee in the state assembly. "The quantum of cess and surcharges have been increased from eight to 16 per cent by the Centre in the last several years. About the vote-on-account, Mitra had said that the state's tax collection has increased 3.57 times since 2011 since Trinamool Congress came to power and its debt/GDP ratio had declined from 40.65 per cent in 2011 to 34.81 per cent at present.

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History of this topic

‘States’ outbursts against Centre unwarranted’
2 years, 6 months ago

‘States’ outbursts against Centre unwarranted’

The Hindu  

Taking on the recent spate of “repeated, constant and instant” outbursts against the Centre from some States on fiscal issues, top government officials said on Wednesday that the criticism of the Goods and Services Tax regime’s functioning based on a Supreme Court verdict last week was as ill-informed as the critique of fuel tax cuts announced last Saturday. Even before …

We’ve awarded more grants to states to compensate for cess: NK Singh
3 years, 10 months ago

We’ve awarded more grants to states to compensate for cess: NK Singh

Live Mint  

Fifteenth Finance Commission chairman N.K. The impact of covid circumscribed our revenue outcomes in multiple ways and the resource envelope on the basis of which we did our planning naturally would have looked significantly different because assignment of the revenue deficit grants this time which is ₹2.94 trillion, I don’t know with much higher availability of revenues what those numbers …

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