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

Under Rule 97(7A) of the CGST Rules, the Committee makes available to the Board a share of the amount credited to the Fund each year for GST publicity or consumer awareness. What is the share, and what condition applies?

The Committee makes available 50 per cent of the amount credited to the Fund each year to the Board for GST publicity or consumer awareness. This applies only if funds for the Department of Consumer Affairs' consumer welfare activities are at least Rs 25 crore per annum.

  1. A50 per cent, 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, provided funds for the Department of Consumer Affairs are not less than Rs 50 crore per annum
  3. C50 per cent, with no condition attached
  4. D100 per cent, provided the Standing Committee meets four times in a year

Explanation

Rule 97(7A) lets the Committee make available to the Board 50 per cent of the amount credited each year. This is subject to the availability of funds for the consumer welfare activities of the Department of Consumer Affairs being not less than twenty-five crore rupees per annum. The other options reverse or invent the figures.

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