cesser

(redirected from cesses)
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cesser

the coming to an end of a term interest or annuity.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
This would include clean energy cess and cesses on luxury items and tobacco products, which in any case, presently also pay levy higher than 26 per cent.
The Centre, as a non- beneficiary, has to compensate and the proposal for continuing existing cesses for five years to the extent of compensation required is the more benign way of compensating the losing states without burdening the honest tax payer, he said.
Barely two months after the Comptroller and Auditor General (CAG) of India released a scathing report questioning the utility of cesses, the Central government introduced two more to a list of dozen existing cesses in Budget 2016.
The cesses may stay but there is no need to have multiple GST rates, he added.
The report of the Comptroller and Auditor General (CAG) in late December, raising questions about the utilisation of funds collected by the government under various cesses, has jolted taxpayers.
The imposition of Krishi Kalyan cess, expected to yield Rs 5,000 crore to the government next year, as well as the infrastructure cess on cars that is estimated to yield Rs 3,000 crore, adds to a growing trend of the Centre raising a substantial chunk of its tax revenues from cesses and surcharges.