Total proceeds of the cess levied under section 8 of GST (Compensation to States) Act, 2017 as per section 10 shall be credited to a fund which is known as __________ and shall form part of the public account of India to

CS Executive · Tax Laws · PYQS · December 2019
Total proceeds of the cess levied under section 8 of GST (Compensation to States) Act, 2017 as per section 10 shall be credited to a fund which is known as __________ and shall form part of the public account of India to be utilized for the purposes specified and shall be a non-lapsable Fund.
(A) GST Cess Fund
(B) GST Cess Compensation Fund
(C) GST Compensation Fund
(D) GST Fund

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Goods and Services Tax (GST)

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