Consider the following statements:
- Both Surcharge and Cess are not a part of divisible pool of Union taxes.
- The proceeds of Swachh Bharat Cess are credited directly to Public Account of India.
- Appropriation Bill must be passed in the parliament to utilize the fund collected from the Krishi Kalyan Cess.
Which of the above statements is/are correct?
Second statement is incorrect because the fund collected from Cess and Surcharge shall first be credited to the Consolidated Fund of India, and the Central Government may, after due appropriation made by the Parliament by law in this behalf, utilise such sums of money of the Swachh Bharat Cess or the Krishi Kalyan Cess.
This question is a part of GKToday's Integrated IAS General Studies Module