Consider the following statements:
- Both the Parliament and the state legislature can levy taxes on subjects enumerated in the Concurrent List
- Both cess and surcharges are levied by the Centre, but distributed between the centre and the states
Which of the above statements is/are correct?
Second statement is incorrect because neither cess nor the surcharges are part of the divisible pool.
This question is a part of GKToday's Integrated IAS General Studies Module