CGST Section 57: Consumer Welfare Fund

Provisions under Section 57 of the CGST Act 2017 relating to “Consumer Welfare Fund”:

Section 57: Consumer Welfare Fund (CHAPTER XI: REFUNDS) [*1]

The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund, –

(a) the amount referred to in sub-section (5) of section 54;

(b) any income from investment of the amount credited to the Fund; and

(c) such other monies received by it,

in such manner as may be prescribed.

Notes (History of Amendments in Bare Text):

1. CGST Section 57 introduced vide GOI Notification dated 12/04/2017, followed with CBEC Notification 9/2017 on commencement date of 01/07/2017.