alleryStart learning →Under Section 54(5), refund is ordinarily credited to?
AConsumer Welfare Fund
BState Consolidated Fund
CNational Disaster Fund
DReserve Bank deposit
Answer & Solution
Correct answer: A. Consumer Welfare Fund
Section 54(5) directs the determined amount to the Fund referred to in Section 57, which is the Consumer Welfare Fund, unless sub-section (8) applies.
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A provisional zero-rated refund under 54(6) is followed by?Section 54(4) evidence must first establish what?Section 54(1) covers refund of tax and which other item?Cash ledger balance refund may be claimed through?Welfare Fund accounts form is prescribed after consulting?Consumer Welfare Fund sums are used under Section 58(1) for?What does Section 57(a) credit to the Welfare Fund?Which fund does Section 57 of the CGST Act constitute?