https://www.taxtmi.com/forum/issue?id=117810 Departmental seizure of goods without invoices can lead to show-cause notices against supplier and recipient, recovery of GST from the purchaser, charge of interest for delayed tax, and imposition of penalties where offences are established. Seized goods may be provisionally released on bond and security or on payment of tax, interest and penalty. Valuation for tax purposes is by market value; for MRP goods the MRP is treated as GST-inclusive and tax is calculated by reverse-working, subject to admissible abatement and factual investigation. en-us Fri, 11 Feb 2022 06:42:48 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117810 Departmental seizure of goods without invoices can lead to show-cause notices against supplier and recipient, recovery of GST from the purchaser, charge of interest for delayed tax, and imposition of penalties where offences are established. Seized goods may be provisionally released on bond and security or on payment of tax, interest and penalty. Valuation for tax purposes is by market value; for MRP goods the MRP is treated as GST-inclusive and tax is calculated by reverse-working, subject to admissible abatement and factual investigation. Discussion-Forum GST Fri, 11 Feb 2022 06:42:48 +0530 https://www.taxtmi.com/forum/issue?id=117810