Rule 154
Disposal of proceeds of sale of goods and movable or immovable property.
GST
DEMANDS AND RECOVERY
Rule 154 of Central Goods and Services Tax Rules, 2017
1[Disposal of proceeds of sale of goods or conveyance and movable or immovable property.-
\n154. (1) The amounts so realised from the sale of goods or conveyance, movable or immovable property, for the recovery of dues from a defaulter or for recovery of penalty payable under sub-section (3) of section 129 shall,-
\n (a) first, be appropriated against the administrative cost of the recovery process;
\n (b) next, be appropriated against the amount to be recovered or to the payment of the penalty payable under sub-section (3) of section 129, as the case may be;
\n (c) next<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n od of six months from the date of sale of such goods or conveyance or such further period as the proper officer may allow, such balance of sale proceeds shall be deposited with the Fund;] = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Rule 154Disposal of proceeds of sale of goods and movable or immovable property.GSTDEMANDS AND RECOVERYRule 154 of Central Goods and Services Tax Rules, 20171[Disposal of proceeds of sale of goods or conveyance and movable or immovable property.- 154. (1) The amounts so realised from the sale of goods or conveyance, movable or immovable property, for … Continue reading “Disposal of proceeds of sale of goods and movable or immovable property.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5855","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5855"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5855\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nNOTES:-
\n1.
\nSubstituted vide Notification No. 40\/2021 – Central Tax dated 29-12-2021 w.e.f. 01-01-2022 before it was read as,
\n “Disposal of proceeds of sale of goods and movable or immovable property.-
\n 154. The amounts so realised from the sale of goods, movable or immovable property, for the recovery of dues from a defaulter shall,-
\n (a) first, be appropriated against the administrative cost of the recovery process;
\n (b) next, be appropriated against the amount to be recovered;
\n (c) next, be app<\/p>\n
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