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Section 58. Utilisation of Fund.-

by | Aug 31, 2024 | GST, Acts, Central Goods and Services Tax Act, 2017 | 0 comments

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Important Keyword: Section 58.

GST Section 58. 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) 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.

*Enforced w.e.f. 1st July, 2017.

Read More: Notification No. 25/2019 – Central Tax (Rate): Seeks to notify the grant of alcoholic liquor license neither a supply of goods nor a supply of service as per Section 7(2) of Central Goods and Services Tax Act, 2017.

Web Stories: Notification No. 25/2019 – Central Tax (Rate): Seeks to notify the grant of alcoholic liquor license neither a supply of goods nor a supply of service as per Section 7(2) of Central Goods and Services Tax Act, 2017.

Download Pdf: https://taxinformation.cbic.gov.in/