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of <h1>Fund Allocations Under Karnataka GST Act 2017 Aim to Enhance Consumer Welfare with Strict Record-Keeping and Annual Audits Required.</h1> All sums credited to the Fund under the Karnataka Goods and Services Tax Act, 2017, are designated for consumer welfare, as prescribed by the government. The government or its specified authority is responsible for maintaining separate accounts and relevant records of the Fund. Additionally, an annual statement of accounts must be prepared in a prescribed format, in consultation with the Comptroller and Auditor General of India.
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