UNDERSTANDING PROPERTY UNDER SECTION 83 OF THE CGST ACT 2017

Section 83 of the CGST Act 2017 deals with the provision of property attachment in case of tax evasion.

Property attachment can be done by the tax authorities if the taxpayer fails to pay the tax dues within the stipulated time.

The term 'property' under Section 83 includes all movable and immovable properties of the taxpayer.

The tax authorities can attach the property of the taxpayer even if it is under the possession of a third party.

The taxpayer can file an objection against the property attachment within 7 days of receiving the notice.

If the objection is not accepted, the tax authorities can sell the attached property and recover the tax dues.

It is important for taxpayers to comply with the tax laws to avoid property attachment and other legal consequences.