Tax transit goods detention if compliance lapses; paid u/s 129 adjustable in returns.
Case-Laws
GST
The impugned circular dated 13.04.2018 does not lead to double taxation. Section 129 aims to recover tax on goods in transit where statutory compliance for removal was not met. The tax collected at detention stage is the tax payable in returns. If excess tax is paid in GSTR-3B after detention and payment u/s 129, the supplier can claim refund. The petitioner's apprehension of double taxat
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =