Swachh Bharat cess to realize Rs 10,000 crore annually

New Delhi: 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.