Only those buildings which are taller than 21 metres to be levied; buildings owned by the State and Central governments or other public authorities are to be exempted ....
The development highlights the urgency with which the central government is pursuing the tax reform that is expected to give a boost to consumption demand in the economy ....
'Test check of records revealed aggregate impact of short transfer of Rs 3,69,307 crore, till March 2024, to the designated reserve funds,' it said.Cess is an additional tax levied to raise funds for a specific purpose.