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Section 58 - Central Goods and Services Tax Act, 2017
The Central Goods and Services Tax Act, 2017
58. Utilisation of Fund.-
(1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed.
(2) The Government or the authority specified by it shall maintain proper and separate account and other relevant records in relation to the Fund and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Comptroller and Auditor-General of India.
Related Sections
- Section 101: Orders of Appellate Authority
- Section 74: Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful-misstatement or suppression of facts
- Section 62: Assessment of non-filers of returns
- Section 121: Non-appealable decisions and orders
- Section 64: Summary assessment in certain special cases
Related Acts
* Only for reference.