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interest on net cash liability with effect from the 1st July, 2017.
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6.
|
Section 74 of the CGST Act is being amended so as make
|
[104]
|
|
seizure and confiscation of goods and conveyances in transit a
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|
separate proceeding from recovery of tax.
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7.
|
An explanation to sub-section (12) of section 75 of the CGST
|
[105]
|
|
Act is being inserted to clarify that “self-assessed tax” shall
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|
|
include the tax payable in respect of outward supplies, the
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|
details of which have been furnished under section 37, but not
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|
included in the return furnished under section 39.
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8.
|
Section 83 of the CGST Act is being amended so as to provide
|
[106]
|
|
that provisional attachment shall remain valid for the entire
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|
period starting from the initiation of any proceeding under
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|
|
Chapter XII, Chapter XIV or Chapter XV till the expiry of a
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|
|
period of one year from the date of order made thereunder.
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9.
|
A proviso to sub-section (6) of section 107 of the CGST Act is
|
[107]
|
|
being inserted to provide that no appeal shall be filed against
|
|
|
an order made under sub-section (3) of section 129, unless a
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|
|
sum equal to twenty-five per cent. of penalty has been paid by
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|
|
the appellant.
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|
10.
|
Section 129 of the CGST Act is being amended to delink the
|
[108]
|
|
proceedings under that section relating to detention, seizure
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|
|
and release of goods and conveyances in transit, from the
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|
|
proceedings under section 130 relating to confiscation of goods
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|
|
or conveyances and levy of penalty.
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|
|
11.
|
Section 130 of the CGST Act is being amended to delink the
|
[109]
|
|
proceedings under that section relating to confiscation of goods
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|
|
or conveyances and levy of penalty from the proceedings under
|
|
|
section 129 relating to detention, seizure and release of goods
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|
|
and conveyances in transit.
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|
|
|
12.
|
Section 151 of the CGST Act is being substituted to empower
|
[110]
|
|
the jurisdictional commissioner to call for information from
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|
|
any person relating to any matter dealt with in connection with
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|
|
the Act.
|
|
|
|
|
13.
|
Section 152 of the CGST Act is being amended so as to
|
[111]
|
|
provide that no information obtained under sections 150 and
|
|
|
151 shall be used for the purposes of any proceedings under
|
|
|
the Act without giving an opportunity of being heard to the
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|
|
person concerned.
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|
|
14.
|
Section 168 of the CGST Act is being amended to enable the
|
[112]
|
|
jurisdictional commissioner to exercise powers under section
|
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|