Chapter XI REFUNDS

Refund in certain cases The Government may, on the recommendations of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947, Consulate or Embassy of foreign countries and any other person or class of persons as may be specified in this behalf, who shall, subject to such conditions and restrictions as may be prescribed, be entitled to claim a refund of taxes paid on the notified supplies of goods or services or both received by them.

Consumer Welfare Fund The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,––

1. (a) the amount of tax referred to in sub-section (5) of section 54;
2. (b) any income from investment of the amount credited to the Fund; and
3. (c) such other monies received by it, in such manner as may be prescribed.

1. (1) All sums credited to the Fund shall be utilised by the Government for the welfare of the consumers in such manner as may be prescribed.
2. (2) The Government or the authority specified by it shall maintain proper and separate account and other relevant records in relation to the Fund and prepare an annual statement of accounts in such form as may be prescribed in consultation with the Comptroller and Auditor-General of India.