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CMA Final · Indirect Tax Laws and Practice · Dispute Resolution Mechanism under GST

Under Rule 97 as given, the Committee must make available to the Board a share of the amount credited to the Fund each year for GST publicity or consumer awareness, provided a funding condition is met. Which option states this correctly?

The Committee makes 50 per cent of the amount credited to the Fund each year available to the Board for GST publicity or awareness, provided the Department of Consumer Affairs has not less than Rs 25 crore per annum available for its consumer welfare activities.

  1. A50 per cent of the amount credited each year, provided funds for consumer welfare activities of the Department of Consumer Affairs are not less than Rs 25 crore per annumCorrect
  2. B25 per cent of the amount credited each year, provided funds of the Department of Consumer Affairs are not less than Rs 50 crore per annum
  3. C50 per cent of the amount credited each year, with no condition attached
  4. D50 per cent of the amount credited each year, provided funds of the Department of Consumer Affairs are not more than Rs 25 crore per annum

Explanation

Rule 97(7A) provides that the Committee makes available to the Board 50 per cent of the amount credited to the Fund each year, provided funds available for consumer welfare activities of the Department of Consumer Affairs are not less than twenty-five crore rupees per annum. The other options swap the percentage, the amount or the direction of the condition.

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