Seeking return of money recovered / taken away during search It is contended by the petitioner that the concerned officers could have no reason to believe that any goods liable for confiscation were lying in the premises of the petitioners - whether cash can be seized by the officers under Section 67(2) of the GST Act ?

Seeking return of money recovered / taken away during search It is contended by the petitioner that the concerned officers could have no reason to believe that any goods liable for confiscation were lying in the premises of the petitioners - whether cash can be seized by the officers under Section 67(2) of the GST Act ? https://www.taxtmi.com/article/detailed?id=11233 Section 67(2) of the GST Act limits seizure to goods liable for confiscation and to documents, books or things useful or relevant to proceedings; cash does not prima facie qualify as goods or as a retainable "thing." Retention under the proviso is limited to the time necessary for examination and inquiry. Search and seizure powers are draconian and must be exercised strictly; forcible dispossession of currency from premises is not authorised by Section 67(2) where the statutory conditions for seizure are not met. en-us Thu, 23 Mar 2023 12:45:07 +0530 Thu, 23 Mar 2023 12:45:07 +0530 TaxTMI RSS Generator Seeking return of money recovered / taken away during search It is contended by the petitioner that the concerned officers could have no reason to believe that any goods liable for confiscation were lying in the premises of the petitioners - whether cash can be seized by the officers under Section 67(2) of the GST Act ? https://www.taxtmi.com/article/detailed?id=11233 Section 67(2) of the GST Act limits seizure to goods liable for confiscation and to documents, books or things useful or relevant to proceedings; cash does not prima facie qualify as goods or as a retainable "thing." Retention under the proviso is limited to the time necessary for examination and inquiry. Search and seizure powers are draconian and must be exercised strictly; forcible dispossession of currency from premises is not authorised by Section 67(2) where the statutory conditions for seizure are not met. Articles Goods and Services Tax - GST Thu, 23 Mar 2023 12:45:07 +0530 https://www.taxtmi.com/article/detailed?id=11233