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Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Examine the economic implications of the increasing reliance on cesses and surcharges in India’s tax structure. How does this trend impact fiscal federalism and State revenues? (15 M) Difficulty Level: Medium Reference: TH Why the Question? The increasing reliance …
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. What is a cess? It is a form of tax levied or collected by the government for the development or welfare of a particular service or sector. It is charged over and above direct and indirect taxes. Cess collected …
