Consumer Welfare Fund Under Gst Regime Check All Provisions

(a) the amount referred to in sub-section (5) of section 54;(b) any income from investment of the amount credited to the Fund; and(c) such other monies received by it, in such manner as may be prescribed.

All sums credited to the Consumer Welfare Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed. Refund is normally credited to the Consumer Welfare Fund constituted by the Government except under following cases, where it shall be paid to the applicant :

refund of tax paid on zero-rated supplies of goods or services or both or on inputs or input services used in making such zero-rated supplies;refund of unutilized input tax credit under sub-section 54(3);refund of tax paid on a supply which is not provided, either wholly or partially, and for which invoice has not been issued, or where a refund voucher has been issued;refund of tax in pursuance of section 77;the tax and interest, if any, or any other amount paid by the applicant, if he had not passed on the incidence of such tax and interest to any other person; orthe tax or interest borne by such other class of applicants as the Government may, on the recommendations of the Council, by notification, specify