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.