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'The Lt. Governor is required to act in his discretion in respect of these matters and not on the aid and advice of the Council of Ministers'
Issue boiled to the surface when Centre acknowledged the amount it collects in form of cesses and surcharges had swelled to 28.1 per cent of gross tax revenues in 2021-22
AGENCIES The government on Tuesday informed Rajya Sabha that GST compensation of Rs 17,176 crore is pending to states as on June 2022. Replying to supplementaries during the Question Hour, Minister of State for Finance Pankaj Chaudhary said the Centre is giving GST compensation to states for five years. He said even during Covid times
Substantial rise in the share of cesses and surcharges in the country's gross tax revenue has been recorded over the years.The share of cesses and surcharges was 8.16 per cent of gross tax revenue in 2011-12 and 28.08 per cent of gross tax ...
The share of cesses and surcharges was 8.16 per cent of gross tax revenue in 2011-12 and 28.08 per cent of gross tax revenue in 2021-22, said the Ministry of Finance in a written reply in the Lok Sabha on Monday.The