Utilisation of Fund

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Central Goods and Service Tax Act, 2017

Utilisation of Fund (Sec. 58)


(1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed.

(2) The Government or the authority specified by it shall maintain proper and separate account and other relevant records in relation to the Fund and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Comptroller and Auditor General of India.

Notes

  • This section provides that the money in the Consumer Welfare Fund would be used for the welfare of the consumers. This section also provides that the Government or the authority specified by it shall maintain proper and separate ac-count of the Fund and prepare an annual statement of accounts.

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