TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 129 of Goa GST Act: Rules for Detention, Seizure, and Release of Goods in Transit Explained</h1> Section 129 of the Goa Goods and Services Tax Act, 2017, addresses the detention, seizure, and release of goods and conveyances in transit that contravene the Act's provisions. Goods and conveyances can be detained or seized, and released upon payment of applicable taxes and penalties, or by furnishing a security. The owner of the goods can pay a penalty equal to 100% of the tax, or 2% of the value for exempted goods. If the owner does not pay, the penalty is 50% of the value minus tax, or 5% for exempted goods. An opportunity for a hearing is required before determining penalties, and proceedings conclude upon payment. If payment is not made within seven days, further action under Section 130 is initiated. For perishable goods, the seven-day period may be shortened.
TaxTMI 
TaxTMI 
