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of <h1>Section 129 GST Act: Detention, Seizure, and Release of Goods in Transit for Violations; Penalties Apply Within 15 Days.</h1> Section 129 of the Central Goods and Services Tax Act, 2017, addresses the detention, seizure, and release of goods and conveyances in transit when transported in violation of the Act's provisions. Goods and conveyances can be detained or seized, and released upon payment of a penalty. The penalty is either 200% of the tax payable or 50% of the goods' value, depending on whether the owner comes forward. A notice specifying the penalty must be issued within seven days, and the individual must be given an opportunity to be heard. Failure to pay within 15 days may result in the sale of goods.
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