Detention and release of goods under GST are governed by prescribed tax, penalty, and security conditions. Section 129 of the Uttar Pradesh GST Act authorises detention or seizure of goods, related documents and vehicles when goods are transported in contravention of the Act or the rules. The circular prescribes the manner of release of detained goods, distinguishing between taxable goods and exempt goods, and between cases where the owner comes forward to pay the dues and cases where the owner does not. It also directs that goods may be released against payment of the applicable tax and specified penalty, or against furnishing of equivalent security by way of bond and bank guarantee in the prescribed manner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Detention and release of goods under GST are governed by prescribed tax, penalty, and security conditions.
Section 129 of the Uttar Pradesh GST Act authorises detention or seizure of goods, related documents and vehicles when goods are transported in contravention of the Act or the rules. The circular prescribes the manner of release of detained goods, distinguishing between taxable goods and exempt goods, and between cases where the owner comes forward to pay the dues and cases where the owner does not. It also directs that goods may be released against payment of the applicable tax and specified penalty, or against furnishing of equivalent security by way of bond and bank guarantee in the prescribed manner.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
