'Cooperative federalism' and Central Excise Day
SPEAKING at the Central Excise Day function at New Delhi on 24th February 2015, the Minister of State for Finance, Jayant Sinha said the day was also historic for the reason that the 14th Finance Commission had recommended unprecedented hike in the States' share of Central taxes by 10 percentage points from 32% to 42%, which is a move in the direction of "cooperative federalism" strongly advocated by the Prime Minister Narendra Modi himself.
The Revenue Secretary Shaktikanta Das wanted the officers to focus on three F's i.e. firmness, fairness and friendliness. Dr. Jyotsna Suri, President, FICCI was the special invitee.
Finance Commission's Report is linked to GST. See our ST se GST Column.
Until Tomorrow with more DDT
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