Swachh Bharat cess to realize Rs.10,000 crore annually

Sarkaritel
By Sarkaritel December 16, 2015 08:14

Swachh Bharat cess to realize Rs.10,000 crore annually


New Delhi, Dec 16  The government is poised to raise Rs.10,000 crore revenue annually from levy of the 0.5 percent Swachh Bharat cess (SBC), parliament was told on Tuesday.

Though the government did not fix any target for SBC in the current or upcoming fiscal years, revenue is expected to touch Rs.10,000 crore in a full financial year, Minister of State for Finance Jayant Sinha told the Rajya Sabha in a written reply.

Introduced on November 15, the SBC is applied on all services falling under purview of service tax, and will be used for Swachh Bharat initiatives.

Sarkaritel
By Sarkaritel December 16, 2015 08:14

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