The Central Goods and Services Act, 2017 (CGST Act) Section 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
The Central Goods and Services Act, 2017 (CGST Act) Section 57 – Consumer Welfare Fund 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
The Central Goods and Services Act, 2017 (CGST Act) Section 55 – Refund in certain cases The Government may, on the recommendations of the Council by notification specify any specialized agency of the United Nations Organisation or any Multilateral Financial Institution and Organisation notified under the United Nations (Privileges and Immunities) Act 1947 Consulate or
The Central Goods and Services Act, 2017 (CGST Act) Section 54 – Refund of tax (1) Any person claiming refund of any tax and interest if any paid on such tax or any other amount paid by him may make an application before the expiry of two years from the relevant date in such form
The Central Goods and Services Act, 2017 (CGST Act) Section 53 – Transfer of input tax credit On utilization of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax Act in accordance with the provisions of sub-section (5) of section 49 as reflected in the valid return furnished
The Central Goods and Services Act, 2017 (CGST Act) Section 52 – Collection of tax at source (1) Notwithstanding anything to the contrary contained in this Act every electronic commerce operator (hereafter in this section referred to as the “operator”) not being an agent shall collect an amount calculated at such rate not exceeding one
The Central Goods and Services Act, 2017 (CGST Act) Section 51 – Tax deduction at source (1) Notwithstanding anything to the contrary contained in this Act the Government may mandate–– (a) a department or establishment of the Central Government or State Government or (b) local authority or (c) Governmental agencies or (d) such persons or
The Central Goods and Services Act, 2017 (CGST Act) Section 50 – Interest on delayed payment of tax (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder, but fails to pay the tax or any part thereof to the Government within the
The Central Goods and Services Act, 2017 (CGST Act) Section 49 of the Central Goods and Services Act, 2017 (CGST Act) Payment of tax, interest, penalty and other amounts (1) Every deposit made towards tax interest penalty fee or any other amount by a person by internet banking or by using credit or debit cards
The Central Goods and Services Act, 2017 (CGST Act) Section 47 – Levy of late fee 1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 by the due date shall pay a late fee of one hundred rupees for every day