{"id":31127,"date":"2023-09-03T06:23:56","date_gmt":"2023-09-03T00:53:56","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=31127"},"modified":"2025-04-16T09:27:43","modified_gmt":"2025-04-16T03:57:43","slug":"agriculture-infrastructure-and-development-cess","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/agriculture-infrastructure-and-development-cess\/","title":{"rendered":"Agriculture Infrastructure and Development Cess (AIDC)"},"content":{"rendered":"<h2><strong>About Agriculture Infrastructure and Development Cess (AIDC):<\/strong><\/h2>\n<ul>\n<li>It was\u00a0<strong>introduced in the Union Budget 2021-22.<\/strong><\/li>\n<li>It is a\u00a0<strong>tax that the government imposes on the commercial production of agricultural produce.\u00a0<\/strong><\/li>\n<li>The cess is\u00a0<strong>imposed at a specific rate on the value of these goods.<\/strong><\/li>\n<li><strong>Purpose<\/strong>:\n<ul>\n<li>The primary objective of AIDC is to\u00a0<strong>provide financial support for the development of agricultural infrastructure\u00a0<\/strong>in India.\u00a0<\/li>\n<li>The funds collected through this cess will be utilized for the creation and maintenance of agricultural infrastructure\u00a0<strong>such as cold storage facilities, warehouses, and market yards.\u00a0<\/strong><\/li>\n<li>It aims to\u00a0<strong>enhance the overall efficiency of the agricultural sector and improve farmers&#8217; income.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Collection<\/strong>: The AIDC is c<strong>ollected by the government at the point of sale or import of the applicable goods.\u00a0<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>What is a Cess?<\/h3>\n<ul>\n<li>Cess is a form of\u00a0<strong>tax charged\/levied over and above the base tax liability of a taxpayer.<\/strong><\/li>\n<li>A cess is usually\u00a0<strong>imposed additionally when the state or the central government looks to raise funds for specific purposes.\u00a0<\/strong><\/li>\n<li>For example, the government levies an education cess to generate additional revenue for funding primary, secondary, and higher education.<\/li>\n<li>Cess is\u00a0<strong>not a permanent source of revenue for the government<\/strong>, and it is discontinued when the purpose of levying it is fulfilled.<\/li>\n<li>It c<strong>an be levied on both indirect and direct taxes.<\/strong><\/li>\n<li><strong>What is the difference between tax and cess?<\/strong>\n<ul>\n<li>Cess is different from taxes such as income tax, GST, and excise duty, etc., as i<strong>t is charged over and above the existing taxes.<\/strong><\/li>\n<li>While all taxes go to the Consolidated Fund of India (CFI),\u00a0<strong>cess may initially go to the CFI but has to be used for the purpose for which it was collected.\u00a0<\/strong><\/li>\n<li>If the<strong> cess collected in a particular year goes unspent, it cannot be allocated for other purposes.\u00a0<\/strong><\/li>\n<li>The<strong> amount gets carried over to the next year\u00a0<\/strong>and can only be used for the cause it was meant for.\u00a0<\/li>\n<li>The\u00a0<strong>central government does not need to share the cess with the state governmen<\/strong>t either partially or in full, unlike some other taxes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is a Surcharge?<\/h3>\n<p>The term surcharge refers to an additional charge, fee, or tax that is added to the cost of a good or service beyond the initially quoted price. A surcharge is often added to an existing tax and is not included in the stated price of the good or service. The amount of a surcharge varies and can be a fixed amount or a percentage of This charge may be imposed because of a governing body&#8217;s need for additional revenue or to defray the cost of increased commodity pricing.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.ndtv.com\/business\/government-exempts-lpg-imports-from-agriculture-cess-4347047\" target=\"_blank\" rel=\"nofollow noopener\"><u>Government Exempts LPG Imports From Agriculture Cess<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agriculture Infrastructure and Development Cess was introduced in the Union Budget 2021-22.<\/p>\n","protected":false},"author":5,"featured_media":31128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-31127","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/31127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=31127"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/31127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/31128"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=31127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=31127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=31127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}