Manner of apportionment of amount realised from sale or dispose of goods or conveyance - GST Ready Reckoner - GST

Manner of apportionment of amount realised from sale or dispose of goods or conveyance [ section 129(6) read with Rule 154 of CGST Rules] Step for apportionment of realised amount from sale of goods or conveyance for recovery of penalty determined under section 129(3 ) first , be appropriated against the administrative cost of the recovery process; next , be appropriated against the amount to be recovered or to the payment of the penalty payable under section 129(3) , as the case may be; next , be appropriated against any other amount due from the defaulter under the CGST ACt, IGST Act, or SGST/UTGST Act and the rules made thereunder; and the balance amount In case of registered person, shall be credited to the electronic cash ledger of the owner of the goods or conveyance as the case may be, in case the person is registered person, In case of not required to registered under this act , the said amount shall be credited to the bank account of the person concerned. where it is not possible to pay the balance of sale proceeds , as per clause (d) of sub-rule (1) of rule 154, to the person concerned within a period of six months from the date of sale of such goods or conveyance or such further period as the proper officer may allow, such balance of sale proceeds shall be deposited with the Fund. [Rule 154(2)] .