https://www.taxtmi.com/caselaws?id=756440 The Allahabad HC allowed the petition challenging GST proceedings initiated under section 130 of the GST Act following discovery of excess stock during a survey. The court held that when excess stock is found during surveys, proceedings must be initiated under sections 73/74 of the GST Act, not under section 130 read with rule 120. The HC quashed both the first appellate authority's order and the original assessment order, reaffirming established precedent that section 130 proceedings are inappropriate for excess stock cases discovered during surveys. en-us Tue, 30 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756440 The Allahabad HC allowed the petition challenging GST proceedings initiated under section 130 of the GST Act following discovery of excess stock during a survey. The court held that when excess stock is found during surveys, proceedings must be initiated under sections 73/74 of the GST Act, not under section 130 read with rule 120. The HC quashed both the first appellate authority's order and the original assessment order, reaffirming established precedent that section 130 proceedings are inappropriate for excess stock cases discovered during surveys. Case-Laws GST Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756440