Current Affairs Question - 06 March 2021


National Government Policies And Interventions

Cess And Surcharge


Consider the following statements:

  1. Cess is a form of tax levied or collected by the government for the development or welfare of a particular service or sector.
  2. Surcharge is an additional charge or tax levied on an existing tax.
  3. Unlike a cess, which is meant to raise revenue for a temporary need, surcharge is usually permanent in nature.
  4. 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:

A
1 and 2
B
2 and 3
C
3 and 4
D
1,2 , 3 and 4

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