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of <h1>Confiscation and Penalties Under Section 130 of Punjab GST Act, 2017: Key Provisions and Compliance Requirements</h1> Section 130 of the Punjab Goods and Services Tax Act, 2017, addresses the confiscation of goods or conveyances and the imposition of penalties for tax-related offenses. It applies when goods are supplied or received in violation of the Act, when goods are unaccounted for, when registration requirements are ignored, or when conveyances are used unlawfully. Confiscated goods or conveyances may be released upon payment of a fine not exceeding their market value, minus applicable taxes. Confiscation orders require a hearing opportunity, and confiscated items become government property. Officers can dispose of confiscated goods after ensuring they are not needed for other proceedings.
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