Quick Summary
Subject: Procedure to be followed with respect to sub-section (2) of section 83 of CGST Act, 2017 when provisional attachment of property ceases to have effect - reg. Attention is invited to section 83 of the CGST Act, 2017. It has the provisions to issue order for provisional attachment of property, including bank account, to protect interests of revenue in appropriate cases. At present, the procedure for provisional attachment and release/restoration of such property is prescribed in rule 1
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Provisional attachment of property, including bank accounts, is used to protect the interests of revenue in appropriate cases.
Section 83(2) states that every provisional attachment shall cease to have effect after one year from the date of the order.
The CBIC has released a procedure for Commissioners to issue intimations to concerned authorities or banks when a provisional attachment ceases to have effect after one year, as per Section 83(2).
The intimation will include particulars of the original attachment order (Form DRC-22), reference to Section 83(2) of the CGST Act, and confirmation of the release of the property or account.
Yes, a copy of the intimation regarding the release of the provisional attachment will be provided to the person concerned.
Yes, the procedure is to be implemented immediately, including for dealing with similar pending cases.
CAclubindia
