Thursday, September 23, 2021
Nagaland

State consumer welfare fund constituted

Nagaland News

DIMAPUR, FEBRUARY 11: The Government of Nagaland has formed 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:
i. Any amount payable by a person against an order by the Competent Authority or Court of Law under provisions of Anti-Profiteering activities.
ii. The amount referred to in sub-section (5) of section 54 of the Nagaland Goods and Service Tax Act, 2017.
iii. Any income from investment of the amount credited to the Funds; and
iv. Such other monies received by it, in such manner as prescribed in Rule 97 f 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” was also constituted with Addl. Chief Secretary & Finance Commissioner as chairman, Officer on Special Duty (Finance) as vice-chairman, Commissioner of State Taxes as member secretary, and Commissioner & Secretary for Legal Metrology & Consumer Protection, Commissioner & Secretary for Urban Development, Commissioner & Secretary for Rural Development, Director of Information & Public Relations and Additional Commissioner of State Taxes as members. (Page News Service)

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