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58.[1]Utilisation of Fund.

(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].

(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[3] in consultation with the Comptroller and Auditor General of India.

 

 

[1] Enforced with effect from 1.7.2017.

[2] Refer rule 97 of the CGST Rules, 2017.

[3] Refer rule 97 of  the CGST Rules, 2017.