Consumer Welfare Fund under GST Regime: Under section 2(51) of the CGST Act, 2017, “Fund” means the Consumer Welfare Fund established under section 57. Section 57 of the CGST Act, 2017 states that the Government shall constitute a fund, to be called the Consumer Welfare Fund and the following amounts will be credited in the Fund:
- (a) the amount referred to in sub-section (5) of section 54;
- (b) any income from investment of the amount credited to the Fund; and
- (c) such other monies received by it, in such manner as may be prescribed.
- refund of tax paid on zero-rated supplies of goods or services or both or on inputs or input services used in making such zero-rated supplies;
- refund of unutilized input tax credit under sub-section 54(3);
- refund of tax paid on a supply which is not provided, either wholly or partially, and for which invoice has not been issued, or where a refund voucher has been issued;
- refund of tax in pursuance of section 77;
- the tax and interest, if any, or any other amount paid by the applicant, if he had not passed on the incidence of such tax and interest to any other person; or
- the tax or interest borne by such other class of applicants as the Government may, on the recommendations of the Council, by notification, specify
