TN Finance Minister urges Centre to merge cesses, surcharge in basic tax rate

16

Chennai, Dec 30 | Tamil Nadu finance minister, Palanivel Thiaga Rajan on Thursday requested the Union government to merge cesses and surcharge to the basic rate of taxes, saying that this would help the states receive their legitimate share in devolution.

A statement from his office said that Thiaga Rajan, while participating in a meeting called by Union Finance Minister Nirmala Sitharaman at New Delhi, said that the increased levy of cesses and surcharges that do not form part of the divisible pool of taxes has adversely affected the transfer of resources to Tamil Nadu.

The minister also said that the cesses and surcharges as a proportion of the Gross Tax Revenue of the Centre have almost increased three times from 6.26 per cent in 2010-11 to 19.9 per cent in 2020-21, and the states are deprived of a share in approximately 20 per cent of the revenue collected by the Union government.

He said that if this amount was added to the divisible pool, the states would have received an additional transfer of around Rs 1.5 lakh crore as their share from the Central pool of taxes in the current financial year.

Thiaga Rajan also demanded a rollback of the the decision to increase the GST for textiles and apparel from 5 per cent to 12 per cent, contending that this move would crush the traditional handloom sectors and the MSME sectors that are reeling under the effects of the Covid pandemic.

Handloom researcher and Chennai-based think tank Centre for Policy and Development Studies Director C. Rajeev told IANS that they support the demand for reversing the GST rate on apparel and textiles.

“We have been spearheading a campaign against the move to increase the GST of apparel and textiles. Several handloom weavers and craftsmen have told me that they are quitting the profession and will work as MGNREGS workers if the GST is raised to this level. Several traditional sarees and clothes of Tamil Nadu will be lost in oblivion if the Centre does not reverse this.”

Source: IANS

Next Story

Go Unique Brings Attractive Blouse Designs - gounique.in

Go Unique Brings Attractive Blouse Designs - gounique.in

Go Unique brings attractive blouse designs that make you feel gorgeous and charming.

Celebrate the beautiful you and win everyone’s heart on your wedding day with Go Unique’s exclusive bridal blouse collection.

Saree defines the tradition and culture of Indian women. It narrates the story of the evolution of rich Indian culture from the ages of royal kings to the new digital India. Go Unique was launched with a vision to take this rich fashion heritage of India forward.

True to our name, we design unique blouse patterns that are traditional yet elegant and marvellous. We have a wide collection of exquisite blouse patterns ranging from zari work, embroidery, aari work, mirror work, brocade blouses, embellished patterns and maggam work.

The model wearing our dazzling aari work cotton silk blouse is just a glimpse of our fine bridal collection. Our unique and creative designs are one in a million pieces that is impossible to find anywhere else. From animal motifs, jewellery embroidery, beads, pearls to designer boutique blouses, you get appealing blouses that make you look graceful. Celebrate your day with our finely detailed and rich quality royal blouses and create moments for eternity.

Avirup Majumder and Sreya Kar envisioned the idea to launch a brand that especially tends to the fashion needs of women. Go Unique is based in the lovely city of Kolkata, West Bengal. We understand your fashion sense and design blouses that you can wear confidently making the heads turn as you walk in everywhere.

Be it traditional, bridal, Indo-western, designer, contemporary or semi-traditional, at Go Unique you will get the perfect blouse to pair with your saree. We have a dedicated team of fashion enthusiasts that go one step beyond to come up with out of the box designs to steal your hearts. Go Unique is the sole designer and manufacturer of enticing blouses that is an art piece on its own.

Being a fashion store that focuses on redefining the blouse designs in India, we are committed to our ethics. We value our customers and honour their trust in us. Go Unique uses high-quality fabric, precious threads, stones, beads and pearls for detailing to offer you premium blouses that you have been looking for.

Go Unique celebrates the beautiful Indian culture and the women. It is the one-stop destination for trendy latest and unique blouses for ethnic fashion lovers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here