Section Section 58 i.e. Utilisation of Fund under GST

Financial Year: 2017

Section 58 of CGST Act

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.

 

 

Thanks & Regards

CA Rahul Gupta