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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.
Apart from being an additional burden on taxpayers, cesses skew the actual share of central taxes that states get.
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 Service Tax rate is being increased from 12% plus Education Cesses to 14%.