Consumer Welfare Fund under state GST to collect tax receipts and direct a committee for utilisation and grants. The amendment revises refund computation for inverted duty structure by prescribing a formula based on turnover of inverted-rated supplies, Net ITC and Adjusted Total Turnover and defines those terms. It establishes a Consumer Welfare Fund with audited accounts, requires constitution of a Standing Committee with defined composition, meeting rules and powers to regulate applicant registration, inspections, audits, grant recommendations and recoveries, and it amends form instructions including capital goods depreciation in ITC-03, inserts FORM GSTR-10 for final returns and substitutes FORM GST DRC-07 for order summaries.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Consumer Welfare Fund under state GST to collect tax receipts and direct a committee for utilisation and grants.
The amendment revises refund computation for inverted duty structure by prescribing a formula based on turnover of inverted-rated supplies, Net ITC and Adjusted Total Turnover and defines those terms. It establishes a Consumer Welfare Fund with audited accounts, requires constitution of a Standing Committee with defined composition, meeting rules and powers to regulate applicant registration, inspections, audits, grant recommendations and recoveries, and it amends form instructions including capital goods depreciation in ITC-03, inserts FORM GSTR-10 for final returns and substitutes FORM GST DRC-07 for order summaries.
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