Nagaland

Nagaland State Consumer Welfare Fund & Standing Committee Constituted

Nagaland State Consumer Welfare Fund & Standing Committee Constituted

Kohima, February 11 (NEx): The Government of Nagaland constituted the “Nagaland State Consumer Welfare Fund” under Section 57 of the Nagaland Goods and Services Tax Act, 2017. The Fund shall be operated through a Saving Bank Account by Commissioner of State Taxes,’ Nagaland in respect of the following items:

-Any amount payable by a person against an order by the Competent Authority or Court of Law under provisions of Anti-Profiteering activities.

-The amount referred to in sub-section (5) of section 54 of the Nagaland Goods and Service Tax Act, 2017.

-Any income from investment of the amount credited to the Funds; and

-Such other monies received by it, in such manner as prescribed in Rule 97 of the Nagaland Goods and Service Tax Rules, 2017.

For proper utilization of the “Nagaland State Consumer Welfare Fund” for welfare of the consumers, a “Standing Committee” is also constituted under sub-rule (4) of Rule 97 of the Nagaland Goods and Service Tax Rules, 2017 as below:

The Committee shall exercise powers and functions as prescribed in sub-rule (8) of Rule 97 of the Nagaland Goods and Services Tax Rules, 2017.

(News source: DIPR)