2021 (2) TMI 109

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..... ; he will address arguments on the merits of the case. It is directed that the Petitioner shall within a period of 7 days from today, submit a proposal to the Respondents, giving the complete particulars along with copies of the complete chain of title documents of the immovable property offered as a security. The immovable property should be of value not less than the tax amount in dispute. It should also be free from any subsisting charge, liens, mortgages or encumbrances, property tax fully paid up to date and not involved in any legal conflicts. As and when required, Petitioner shall produce the original title deeds, provide all necessary information relating to the property, for the satisfaction of the concerned officer. List on .....

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..... he Petitioner is willing to offer a valuable security, being an immovable property, which can secure the interest of the Revenue for the tax amount in dispute. He submits that since immovable properties can also be a subject matter of attachment under Section 83 of the CGST Act, 2017 the same be provisionally attached in lieu of the bank accounts in question. He states that the GST Department can examine and investigate the title/ownership and validate the marketability of the immovable property offered, and if they are satisfied that it can protect the interest of the Revenue, the same be attached under Section 83 of the Act and the attachment order in respect of the bank accounts may be lifted. Mr. Sethi further submits that in fact the b .....

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..... oposal to the Respondents, giving the complete particulars along with copies of the complete chain of title documents of the immovable property offered as a security. The immovable property should be of value not less than the tax amount in dispute. It should also be free from any subsisting charge, liens, mortgages or encumbrances, property tax fully paid up to date and not involved in any legal conflicts. As and when required, Petitioner shall produce the original title deeds, provide all necessary information relating to the property, for the satisfaction of the concerned officer. The Revenue shall consider the proposal and if so required, investigate, and verify the title, ascertain the value and marketability of the immovable property .....

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