https://www.taxtmi.com/caselaws?id=795871 VAT return revision for omitted inward and outward stock-transfer transactions may be sought independently of the audit-based revision mechanism. Absence of an audit alone does not justify rejection where no valid pending proceeding concerning the same transactions prevents revision. Penalty proceedings relating to unsupported jewellery transportation and proceedings for a different assessment year do not, by themselves, bar revision for the relevant VAT period. GST orders based on an adverse inference from the omitted outward stock transfers require reconsideration after the revised VAT returns incorporate those entries. Assessment action founded on the omitted transactions should follow the return-revision process, without limiting statutory GST action based on the revision outcome. en-us Wed, 15 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795871 VAT return revision for omitted inward and outward stock-transfer transactions may be sought independently of the audit-based revision mechanism. Absence of an audit alone does not justify rejection where no valid pending proceeding concerning the same transactions prevents revision. Penalty proceedings relating to unsupported jewellery transportation and proceedings for a different assessment year do not, by themselves, bar revision for the relevant VAT period. GST orders based on an adverse inference from the omitted outward stock transfers require reconsideration after the revised VAT returns incorporate those entries. Assessment action founded on the omitted transactions should follow the return-revision process, without limiting statutory GST action based on the revision outcome. Case-Laws GST Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795871