Kohima, February 10 (MExN): The Government of Nagaland has constituted a fund, to be called the ‘Nagaland State Consumer Welfare Fund’ under Section 57 of the Nagaland Goods and Services Tax Act, 2017. A DIPR report stated that 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 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” is also constituted under sub-rule (4) of Rule 97 of the Nagaland Goods and Service Tax Rules, 2017 as given: Addl. Chief Secretary & Finance Commissioner-Chairman; Officer on Special Duty (Finance)-Vice-Chairman; Commissioner of State Taxes, Nagaland- Member Secretary; and members including Commissioner & Secretary, Legal Metrology & Consumer Protection Department; Commissioner & Secretary, Urban Development Department; Commissioner & Secretary, Rural Development Department; Director, Information & Public Relations; Additional Commissioner of State Taxes-1.
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.
