ABC Ltd sold goods Rs.100000+18% GST to XYZ Ltd, then goods is sent to XYZ through transport X, but e way bill and invoice not in hand of transporter X, then for section 129 penalty is applied
Query 1:- how to pay section 129 tax and penalty ? It is through DRC 03 or GSTR 3B?
Query 2:- If gst officer valued goods Rs.150000+18% GST, then for GST filing by the Supplier ABC Ltd, which value is considered 100000+18% GST or 150000+18% GST?
Query 3:- in this case if the goods valued by the GST officer and tax is paid, we need to revise the existing invoice or issue new invoice to tax payer?
Query 4:- in this case, GST input is eligible to receipent?
E way bill no. may point out in an invoice,or in device of the driver of the vehicle.But original invoice may b accompanied with goods by the driver in the vehicle.
Value estimation power vested on the officer.U may file an appeal against the orrder passed by the officer.
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