Section 129 of CGST Act, 2017 – Detention, Seizure and Release of Goods and Conveyances in Transit
Section 129 of CGST Act, 2017 – Detention, Seizure and Release of Goods and Conveyances in Transit Act: Central Goods and Services Tax Act, 2017 Chapter: XIX – Offences and Penalties Section Covered: Section 129 Effective From: 01st July 2017 (Substantially amended by the Finance Act, 2021 w.e.f. 01.01.2022) 🔎 Introduction Section 129 of the CGST Act, 2017 provides the legal framework for the detention, seizure and release of goods and conveyances while they are in transit where such goods are transported in contravention of the provisions of the CGST Act or the Rules made thereunder . The primary objective of this provision is to prevent tax evasion during the movement of goods while ensuring that genuine taxpayers are afforded an opportunity to secure the release of detained goods and conveyances by following the prescribed procedure. The Finance Act, 2021 significantly amended Section 129 with effect from 1st January 2022 , making the penalty provisions independent of...