Current Affairs Question - 06 March 2021
National Government Policies And Interventions
Cess And Surcharge
Consider the following statements:
- Cess is a form of tax levied or collected by the government for the development or welfare of a particular service or sector.
- Surcharge is an additional charge or tax levied on an existing tax.
- Unlike a cess, which is meant to raise revenue for a temporary need, surcharge is usually permanent in nature.
- Currently, the cess and surcharge collected by the Centre are not part of the tax devolution.
Which of the statement(s) given above is/are correct? Choose the correct answer from the codes given below:
1 and 2
2 and 3
3 and 4
1,2 , 3 and 4