https://www.taxtmi.com/article/detailed?id=10164 Section 129 empowers detention and seizure of goods and conveyances in transit for GST contraventions, requiring a notice and order for penalty; release is on payment of prescribed penalties or furnishing security. If penalty remains unpaid after fifteen days, Rule 144A permits recovery by sale through inventory, market valuation and auction (including e-auction), with special timelines for perishable or hazardous goods, pre-bid deposits, issuance of sale certificates to successful bidders, and appropriation of sale proceeds against costs, penalties and other GST dues, with residual balances credited to the owner or deposited to the Fund if unclaimed. en-us Tue, 04 Jan 2022 07:24:11 +0530 Tue, 04 Jan 2022 07:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10164 Section 129 empowers detention and seizure of goods and conveyances in transit for GST contraventions, requiring a notice and order for penalty; release is on payment of prescribed penalties or furnishing security. If penalty remains unpaid after fifteen days, Rule 144A permits recovery by sale through inventory, market valuation and auction (including e-auction), with special timelines for perishable or hazardous goods, pre-bid deposits, issuance of sale certificates to successful bidders, and appropriation of sale proceeds against costs, penalties and other GST dues, with residual balances credited to the owner or deposited to the Fund if unclaimed. Articles Goods and Services Tax - GST Tue, 04 Jan 2022 07:24:11 +0530 https://www.taxtmi.com/article/detailed?id=10164