https://www.taxtmi.com/caselaws?id=422602 The Gujarat HC ruled on provisional release of goods and conveyance seized under GST Act during suspicious transaction involving fake input tax credit. The Court noted substantial legal issues regarding amendments to various sections requiring detailed hearing but admitted the matter due to time constraints. Balancing provisional release against revenue interests, the Court directed authorities to release goods and conveyance upon petitioner depositing total amount payable including penalty within one week. The Court emphasized need to distinguish between sections 129 and 130 powers while securing revenue during confiscation proceedings. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 03 Apr 2025 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422602 The Gujarat HC ruled on provisional release of goods and conveyance seized under GST Act during suspicious transaction involving fake input tax credit. The Court noted substantial legal issues regarding amendments to various sections requiring detailed hearing but admitted the matter due to time constraints. Balancing provisional release against revenue interests, the Court directed authorities to release goods and conveyance upon petitioner depositing total amount payable including penalty within one week. The Court emphasized need to distinguish between sections 129 and 130 powers while securing revenue during confiscation proceedings. Case-Laws GST Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422602