There has been a rise of 133 per cent in collection of major cess and surcharges levied by the Centre during the five year period between 2017-18 and 2022-23, as it went up to Rs 5,10,549 crore
CBDT tells I-T officials to nudge entities; move could help garner over Rs 5,000 cr
Experts say finance commission needs to provide clarity on whether cess should be shared with states
States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue
I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation
The export tax on fuels and cess on domestic crude oil production are likely to add to the climate of policy uncertainty in the energy sector
The metro cess is intended to fund transport infrastrucuture projects in these cities
Govt takes its cut from the profit you earned in the markets in form of taxes. But did you know that the government also charges tax on tax? They are called cess and surcharge. Find out about them
Move might impact farmers' realisation when kharif harvest is on, say industry players
Liquor prices in Uttar Pradesh have increased after the state government imposed a 'corona cess' from Tuesday
The share of cesses and surcharges in the gross tax revenue of the Centre has nearly doubled to 19.9 per cent in 2020-21 from 10.4 per cent in 2011-12
While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain
This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and in any case
The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products
Cess might not pinch the pocket much as it could be offset by cut in customs duty
Experts say the terms mirror the govt's intentions, priorities and policies and provide a hint of financial resources among various sectors
CM Amarinder Singh sets up three-member panel of senior officers to assess losses from closure of liquor vends because of lockdown
Govt has imposed two new cesses, one related to farm and another for infrastructure