Monday , May 23 2022

Govt collected more than ₹2.35 lakh crore as cesses in 2016-17

Government collected more than two lakh 35,000 crore rupees last fiscal by way of a host of cesses, including those on education, Swachh Bharat and Krishi Kalyan.
 
Minister of State for Finance Santosh Kumar Gangwar said this in a written reply in the Lok Sabha yesterday. He said the total revenue generated from cesses and surcharges under direct tax was around 47,000 crores.
 
The amount generated from the cesses and surcharges under the indirect tax category stood at around one lakh 88,000 crore rupees in 2016-17.
 
In the 2015-16 Budget, Finance Minister Arun Jaitley had proposed to levy a Swachh Bharat cess of up to 2 per cent on all or certain services, if need arises.

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