Rule 148 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Prohibition against Bidding or Purchase by Officer
Provisions under Rule 148 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Prohibition against Bidding or Purchase by Officer”, are as under:
CGST Rule 148: Prohibition against Bidding or Purchase by Officer (Chapter-XVIII: DEMANDS AND RECOVERY)
No officer or other person having any duty to perform in connection with any sale under the provisions of this Chapter shall, either directly or indirectly, bid for, acquire or attempt to acquire any interest in the property sold.
Above information is based on CBEC’s compilation of Updated CGST Rules, 2017 as on 23 Mar. 2018 (i.e. as notified/ amended upto 23 Mar. 2018 by the CBEC). For detailed information/ subsequent updates, please refer relevant Notifications.
It may be noted that Rules 139 to 162 (pertaining to various Chapters) of the Central Goods and Services Tax (CGST) Rules, 2017 were notified by CBEC vide CGST (3rd Amendment) Rules, 2017 Notification No. 15/2017 Central Tax dt. 1 July 2017, applicable w.e.f. 1 July 2017.