https://www.taxtmi.com/article/detailed?id=10996 Confiscation under the CGST Act applies to goods and conveyances used in contravention of the Act that result in tax evasion, non-accounting, unregistered taxable supplies, intentional breaches to evade tax, or improper use of transport. The proper officer must serve a show cause notice and provide a hearing; may offer a fine in lieu of confiscation subject to market-value caps and minimum aggregate penalty rules; and, if items are not required for further proceedings and the owner fails to pay within a reasonable period, may dispose of the items and deposit sale proceeds with the government. en-us Tue, 17 Jan 2023 12:05:32 +0530 Tue, 17 Jan 2023 12:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10996 Confiscation under the CGST Act applies to goods and conveyances used in contravention of the Act that result in tax evasion, non-accounting, unregistered taxable supplies, intentional breaches to evade tax, or improper use of transport. The proper officer must serve a show cause notice and provide a hearing; may offer a fine in lieu of confiscation subject to market-value caps and minimum aggregate penalty rules; and, if items are not required for further proceedings and the owner fails to pay within a reasonable period, may dispose of the items and deposit sale proceeds with the government. Articles Goods and Services Tax - GST Tue, 17 Jan 2023 12:05:32 +0530 https://www.taxtmi.com/article/detailed?id=10996