https://www.taxtmi.com/forum/issue?id=118619 Disposal of goods seized under the departmental search and seizure regime without departmental release constitutes a statutory lapse attracting recovery of tax with interest and monetary penalties. Issuing invoices or transacting in respect of goods not supplied and sold while under seizure can lead to proceedings against the supplier for improper invoicing and against any person who retains the benefit of the transaction, who may be liable to a penalty equivalent to the tax consequence. Compliance with written instructions on Form GST INS-02 and Form GST INS-03 is mandatory and breach exposes the taxpayer to expanded investigations and multiple enforcement measures. en-us Mon, 03 Jul 2023 23:12:28 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118619 Disposal of goods seized under the departmental search and seizure regime without departmental release constitutes a statutory lapse attracting recovery of tax with interest and monetary penalties. Issuing invoices or transacting in respect of goods not supplied and sold while under seizure can lead to proceedings against the supplier for improper invoicing and against any person who retains the benefit of the transaction, who may be liable to a penalty equivalent to the tax consequence. Compliance with written instructions on Form GST INS-02 and Form GST INS-03 is mandatory and breach exposes the taxpayer to expanded investigations and multiple enforcement measures. Discussion-Forum GST Mon, 03 Jul 2023 23:12:28 +0530 https://www.taxtmi.com/forum/issue?id=118619