GST Consumer Welfare Fund can be given as grant to Centre, states: CBIC

The proceeds from the consumer welfare fund, constituted under GST, can be given as grant to the Centre and state governments as well as regulatory authorities, the CBIC said today.  In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said the government shall constitute a Standing Committee with a Chairman, a Vice-Chairman, a Member Secretary and such other members for…