The proceeds of the cess and such other amounts as being recommended by the GST Council shall be credited to a non-lapsable fund known as:

CS Executive · Tax Laws and Practice · PYQS · June 2018
The proceeds of the cess and such other amounts as being recommended by the GST Council shall be credited to a non-lapsable fund known as:
(A) Goods and Service Tax Compensation Fund
(B) Goods and Service Tax Cess Fund
(C) Goods and Service Tax Welfare Fund
(D) None of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Goods and Services Tax (GST)

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