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Section 58

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Section 58

What does the Section say?

Section 58 provides the framework for utilization of the Consumer Welfare Fund established under Section 57.

The Government prescribes how the fund will be administered and utilized for activities promoting consumer awareness, education, research, protection, and welfare.

The provision ensures transparency and proper governance in utilization of funds collected for consumer benefit.

Example

Money from the Consumer Welfare Fund may be used for consumer awareness campaigns regarding rights and grievance redressal mechanisms.

Key Points

  • Governs utilization of Consumer Welfare Fund.
  • Focuses on consumer welfare.
  • Supports awareness and protection programs.
  • Government-prescribed administration.
  • Public interest provision.

In One Line

Section 58 regulates how Consumer Welfare Fund money is utilized for consumer benefits.

CA Darshit Mehta

CA Darshit Mehta

GST Consultant

Partner at CPC&Co., 18 years of managerial and leadership experience in financial planning and analysis, accounting, indirect taxation advisory, corporate compliance, and back-office automation.

The content provided in this article is intended solely for educational and informational purposes and should not be construed as professional accounting, taxation, legal, or financial advice. Readers are advised to consult a qualified professional before making any financial, tax, legal, or business decisions based on the information contained herein.
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