HC rules that confiscation and penalty proceedings cannot be initiated under Section 130 of the CGST Act in cases where excess stock is found; directs for refund of amount already deposited https://www.taxtmi.com/article/detailed?id=14793 Mere detection of excess stock does not justify invocation of confiscation and penalty provisions under the CGST regime; tax shortfalls arising from such excess stock must be addressed through statutory tax determination and recovery mechanisms rather than confiscation. Orders initiated under confiscation provisions in respect of excess stock are unsustainable and amounts deposited in connection with those proceedings are to be refunded. en-us Sat, 12 Jul 2025 08:41:31 +0530 Sat, 12 Jul 2025 08:41:31 +0530 TaxTMI RSS Generator HC rules that confiscation and penalty proceedings cannot be initiated under Section 130 of the CGST Act in cases where excess stock is found; directs for refund of amount already deposited https://www.taxtmi.com/article/detailed?id=14793 Mere detection of excess stock does not justify invocation of confiscation and penalty provisions under the CGST regime; tax shortfalls arising from such excess stock must be addressed through statutory tax determination and recovery mechanisms rather than confiscation. Orders initiated under confiscation provisions in respect of excess stock are unsustainable and amounts deposited in connection with those proceedings are to be refunded. Articles Goods and Services Tax - GST Sat, 12 Jul 2025 08:41:31 +0530 https://www.taxtmi.com/article/detailed?id=14793