Chapter XI - Refunds
Section 58
Section 58: Utilisation of Fund
Section 58 directs Consumer Welfare Fund money to consumer welfare and requires separate accounts and annual statements.
On this page
Need advice on Section 58?
This article is for general information. Refer to the Central Goods and Services Tax Act, 2017 official text for the official provisions. If you need professional advice for your situation, contact Bizeneed.
Statutory text
Bare law
(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) 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.
Introduction
This section governs use and accounting of the Consumer Welfare Fund after amounts are credited under section 57.
Key takeaways
Purpose
All sums credited to the Fund are used by the Government for consumer welfare in the prescribed manner.
Separate records
The Government or specified authority maintains proper separate accounts and relevant records.
Annual accounts
An annual statement of accounts is prepared in a form prescribed in consultation with the Comptroller and Auditor-General of India.
Purpose
All sums credited to the Fund are used by the Government for consumer welfare in the prescribed manner.
Separate records
The Government or specified authority maintains proper separate accounts and relevant records.
Annual accounts
An annual statement of accounts is prepared in a form prescribed in consultation with the Comptroller and Auditor-General of India.
Practical checklist
Do
- Identify whether the amount properly belongs in the Fund under section 57.
- Maintain separate records for Fund receipts and use.
- Follow the prescribed account format.
Avoid
- Assume a prescribed or notified detail without checking the applicable current instrument.
Frequently asked questions
Can Fund money be used for an unrelated purpose?
Section 58(1) directs its use to consumer welfare in the prescribed manner.
Need help applying this provision to your situation?
Contact BizeneedLast updated 10 October 2026