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>Finance Bill 2021 Amends Section 130 of CGST Act: Changes in Confiscation and Penalty Provisions</h1> Clause 109 of the Finance Bill, 2021 proposes amendments to section 130 of the Central Goods and Services Tax Act. It modifies sub-section (1) by replacing 'Notwithstanding anything contained in this Act, if' with 'Where.' In sub-section (2), it changes the penalty description to 'penalty equal to hundred per cent of the tax payable on such goods.' Sub-section (3) is removed. These changes aim to separate the processes for confiscation and penalty under section 130 from those related to detention, seizure, and release under section 129.
TaxTMI 
TaxTMI 
