According to Section 57 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,—

  1. the amount referred to in sub-section (5) of section 54;
  2. any income from investment of the amount credited to the Fund; and
  3. such other monies received by it, in such manner as may be prescribed.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.