Understanding What Happens During Search And After Seizure Under GST

You might have heard that the tax authorities were breaking into suspected premises if not allowed and seizing unaccounted money, valuables, properties etc. These things may sound cinematic, but the tax authorities do really have such powers under the tax laws. Also, recently we are seeing more cases where Goods & Services Tax (GST) authorities are searching the businesses and cracking down the GST evasions.

This video explains what exactly it means by search & seizure, who can do it and what happens during search and after the seizure.

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This video covers:

00:00 Introduction
01:00 Search under the GST Act
02:02 Who can order a search under GST Act?
02:48 Meaning of seizure
04:05 Procedure for seizure
04:34 How long can an officer keep the books?
04:55 What happens after the seizure?

To help individuals and businesses like you, we create various videos related to taxes, savings and finances.

→ Watch next – Get Your ITC Claim Process Streamlined Amid Removal Of Provisional ITC | Clear Max ITC

Let’s connect:

#Search #Seizure #GSTRaid #GSTSearch #GSTSeizure #GST #GSTAct #GSTLaws #GSTReturns #ConfiscationofGoods #Documents #Books

[saravanasaro]

After search and seizure they Raise Gst Ins -02 and we pay excess claim of ITC on the same day through drc03 now how can I reply