alleryStart learning →What does Section 57(a) credit to the Welfare Fund?
APenalty under Section 122
BAmount under Section 54(5)
CLate fee under Section 47
DInterest under Section 50
Answer & Solution
Correct answer: B. Amount under Section 54(5)
Section 57(a) credits to the Fund the amount referred to in Section 54(5).
Keep practising Refunds
Browse all Refunds questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
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?Which fund does Section 57 of the CGST Act constitute?Delayed refund from an order that attained finality. Interest cap?