States want cess/surcharges subsumed in basic tax rate
January 18, 2021 States today urged the Centre to merge cess and surcharges into the basic tax rate.
This was among the various suggestions given during the pre-Budget consultations Finance Minister Nirmala Sitharaman had with States and three Union Territories with legislature (Delhi, Puducherry and Jammu & Kashmir) on Monday.
A Finance Ministry statement said that Sitharaman highlighted the importance of the meeting as a sign of cooperative federalism and indicated the manner in which the Union government was strongly supporting the States/Union Territories fight the pandemic.
States’ views
Tamil Nadu Deputy Chief Minister O Paneerselvam said the levy of cesses and surcharges by the Centre deprives States of their legitimate share of the tax revenue. “All such cesses and surcharges should be merged into the basic rate of tax so that the States also receive their due share from the additional revenue,” he said.
Delhi Deputy Chief Minister and Finance Minister Manish Sisodia on Monday urged the Union Finance Minister Nirmala Sitharaman to treat Delhi at par with the Uni
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Last Updated: Jan 02, 2021, 04:37 PM IST
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Synopsis
Days after Arvind Kejriwal took oath as chief minister of Delhi for third time on February 16, the northeast district in the city saw a massive communal conflagration that claimed over 50 lives, left scores injured and damaged public and private property worth crores of rupees.
In the new year, the Delhi government has its task cut out to smoothly administer COVID-19 vaccine to around two crore people in the city and to take a decision about opening of schools and colleges that are closed since March.