Consumer Welfare Fund
Section 40
Bill
REFUNDS
MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016
40. Consumer Welfare Fund
(1) There shall be established by the Central or a State Government a fund, to be called the Consumer Welfare Fund.
(2) There shall be credited to the Fund, in such manner as may be prescribed, –
(a) the amount of tax referred to in sub-section (4) or sub-section (4A) of section 38; and
(b) any income from investment of the amount credite
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