Excess stock found during survey can't trigger proceedings u/s 130 of GST Act. Court ruled it should be u/ss 73/74, quashed orders against petitioner. https://www.taxtmi.com/highlights?id=80299 Excess stock found during survey at petitioner's business premises triggered initiation of proceedings u/s 130 of GST Act. Court held if excess stock is found, proceedings u/ss 73/74 of GST Act should be initiated, not Section 130. Citing precedent, Court ruled proceedings u/s 130 cannot be initiated for excess stock found during survey. Impugned orders initiating proceedings u/s 130 against petitioner quashed as unsustainable in law. en-us Fri, 09 Aug 2024 12:44:35 +0530 Fri, 09 Aug 2024 12:44:35 +0530 TaxTMI RSS Generator Excess stock found during survey can't trigger proceedings u/s 130 of GST Act. Court ruled it should be u/ss 73/74, quashed orders against petitioner. https://www.taxtmi.com/highlights?id=80299 Excess stock found during survey at petitioner's business premises triggered initiation of proceedings u/s 130 of GST Act. Court held if excess stock is found, proceedings u/ss 73/74 of GST Act should be initiated, not Section 130. Citing precedent, Court ruled proceedings u/s 130 cannot be initiated for excess stock found during survey. Impugned orders initiating proceedings u/s 130 against petitioner quashed as unsustainable in law. Highlights GST Fri, 09 Aug 2024 12:44:35 +0530 https://www.taxtmi.com/highlights?id=80299