As per section 10 of CGST Act, 2017, the proceeds of the cess and such other amounts as may be recommended by the Council, shall be credited to a non-lapsable Fund known as the __________ , which shall form part of the p

CS Executive · Tax Laws and Practice · PYQS · June 2021
As per section 10 of CGST Act, 2017, the proceeds of the cess and such other amounts as may be recommended by the Council, shall be credited to a non-lapsable Fund known as the __________ , which shall form part of the public account of India and shall be utilized for purposes specified in the said section.
(A) Goods and Services Tax Compensation Fund
(B) Consumer Welfare Fund
(C) Central Welfare Fund
(D) Consolidated Fund of India

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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