Consumer Welfare Fund has been constituted by the Government of India and as per section 57 of the CGST Act, 2017, the following amounts will be credited to this fund : (i) amount referred to in section 54(5) (ii) refund

CS Executive · Tax Laws and Practice · PYQS · December 2018
Consumer Welfare Fund has been constituted by the Government of India and as per section 57 of the CGST Act, 2017, the following amounts will be credited to this fund : (i) amount referred to in section 54(5) (ii) refund of tax in pursuance of section 77 (iii) income from investment of the fund amount (iv) refund of unutilized input tax credit
(A) (ii) and (iii)
(B) (i) and (iii)
(C) (i), (ii) and (iv)
(D) All the four above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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