Unaccounted stock

[Rajesh Kumar]

Sir/Madam

During the gst search, the department seized some goods for which party could not produce any invoices of purchase. Please inform how they can calculate tax on these goods as gst is applicable on the sale of goods when party will sale these goods he will pay .
Can department charge GST on the purchase made without bills ? If yes, Can they charge interest and penalty there on ?

AI Summary

Clarification sought on GST calculation for unaccounted stock without purchase invoices during a GST search. A query was raised regarding unaccounted stock seized during a GST search, where the party could not produce purchase invoices. The question asked how to calculate GST on these goods, as GST is applicable upon sale. It also inquired whether the department can charge GST, interest, and penalties on goods purchased without bills. The response from a participant indicated that the issue had already been addressed in a previous reply.