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 ?

[KASTURI SETHI]

Already replied. It is repeated.

AI Summary

Unaccounted stock and GST liability: query on tax, interest and penalty when purchase invoices are absent. Unaccounted stock seized during a GST search raises whether GST can be levied when purchase invoices are absent, and whether interest and penalty may be imposed; the only recorded reply is non substantive, noting the matter was already replied to and repeated.