Rise in cess, surcharge shrinking states' share in pool of taxes: Kerala CM

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Rise in cess, surcharge shrinking states' share in pool of taxes: Kerala CM - Business Standard

Quick Summary:

Vijayan said the rise in surcharges and cesses, which are not included in the divisive pool, was happening at a time when the Finance Commission has been recommending a higher share for the states from the net proceeds of the taxes collected by the Centre.

He said that the 16th Finance Commission needs to factor in this rising trend in surcharges and cesses, when it recommends the prescribed share of the states from the net proceeds of taxes collected by the union government.

Kerala Chief Minister Pinarayi Vijayan on Thursday said that the cess and surcharge levied by the Centre was showing a "rising trend" and resulting in "shrinkage" of states' share in the divisive pool of taxes.