CSR Spends on Swachh Bharat CESS

By | May 4, 2016
(Last Updated On: May 4, 2016)

CSR Spends on Swachh Bharat CESS

As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is 10,000 crores. However, there is no proposal of the Government to mandate Corporates to set aside 30% of their CSR spend for Swachh Bharat under consideration of this Ministry.

Information relating to CSR expenditure on various developmental work incurred by 460 listed companies, which have placed annual returns on CSR for the year 2014-15 on their website, is given below:

 

Sl. NoSubjects in Schedule VIICSR Expenditure  (in Rs. Crore)
1Eradicating Hunger, Poverty & Health Care1421.66
2Education/ Vocational skills / livelihood enhancement1462.6
3Women / Old Age / Children219.27
4Environment sustainability1188.69
5Art & Culture539.83
6Sports promotion454.91
7PMNRF etc.125.32
8Rural Development724.32
9Slum Development114.14
10Swatch Bharat Kosh42.64
11Clean Ganga Fund15.49
12Others28.5
 Grand Total6337.36

 

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha on 03.5.16

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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