https://www.taxtmi.com/article/detailed?id=7400 The Act and rules establish the Consumer Welfare Fund to receive specified refundable GST amounts and related income; certain refund categories must be paid to claimants while other refunds are credited to the Fund by administrative order. The Fund is to be used for consumer welfare under prescribed procedures, with separate accounts, annual statements, and transfers effected by debiting the Fund. A Government-constituted Standing Committee recommends utilization and exercises oversight powers including audits, inspections, reporting requirements, grant recommendations, recovery of misused funds and formulation of management and audit guidelines. en-us Mon, 08 May 2017 07:47:00 +0530 Mon, 08 May 2017 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7400 The Act and rules establish the Consumer Welfare Fund to receive specified refundable GST amounts and related income; certain refund categories must be paid to claimants while other refunds are credited to the Fund by administrative order. The Fund is to be used for consumer welfare under prescribed procedures, with separate accounts, annual statements, and transfers effected by debiting the Fund. A Government-constituted Standing Committee recommends utilization and exercises oversight powers including audits, inspections, reporting requirements, grant recommendations, recovery of misused funds and formulation of management and audit guidelines. Articles Goods and Services Tax - GST Mon, 08 May 2017 07:47:00 +0530 https://www.taxtmi.com/article/detailed?id=7400