Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report

The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the central cess and surcharges as they are not part of the tax devolution to the states, said the agency's Principal Economist Sunil Kumar Sinha.

from Economy-News-Economic Times https://ift.tt/381lGpv