October 26, 2016 7:03 PM
Jaitley favours cess over additional tax for compensating States
Finance Minister Arun Jaitley today favoured levy of cess on tobacco and luxury products to compensate States for loss of revenue on Goods and Services Tax, GST. He said, cost of funding for compensation through an additional tax would be exorbitantly high and almost unbearable.<br/><br/>...