https://www.taxtmi.com/caselaws?id=756809 The Allahabad HC ruled that proceedings under section 130 of the GST Act cannot be initiated when excess stock is found during a survey. The court held that such circumstances require proceedings under sections 73/74 of the GST Act instead. Following established precedent, the HC found that the revenue authorities incorrectly applied section 130 read with rule 120 for excess stock discovered during a survey conducted at the petitioner's business premises. The impugned orders passed by the adjudicating authority and first appellate authority were set aside, and the petition was allowed. en-us Wed, 07 Aug 2024 00:00:00 +0530 Thu, 08 Aug 2024 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756809 The Allahabad HC ruled that proceedings under section 130 of the GST Act cannot be initiated when excess stock is found during a survey. The court held that such circumstances require proceedings under sections 73/74 of the GST Act instead. Following established precedent, the HC found that the revenue authorities incorrectly applied section 130 read with rule 120 for excess stock discovered during a survey conducted at the petitioner's business premises. The impugned orders passed by the adjudicating authority and first appellate authority were set aside, and the petition was allowed. Case-Laws GST Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756809