https://www.taxtmi.com/caselaws?id=801348 Unaccounted or excess goods found during a survey of business premises must be addressed through the GST tax-determination mechanism. Section 35 requires registered persons to maintain true and correct accounts, and Section 35(6) treats unaccounted goods or services as supplied for determining tax liability. Sections 73 and 74 therefore govern assessment and recovery of tax on such goods. Direct confiscation and penalty proceedings under Section 130(2) read with Section 122 are unsustainable where the allegation is limited to excess or unaccounted stock discovered at the premises. en-us Fri, 16 Oct 2026 00:00:00 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801348 Unaccounted or excess goods found during a survey of business premises must be addressed through the GST tax-determination mechanism. Section 35 requires registered persons to maintain true and correct accounts, and Section 35(6) treats unaccounted goods or services as supplied for determining tax liability. Sections 73 and 74 therefore govern assessment and recovery of tax on such goods. Direct confiscation and penalty proceedings under Section 130(2) read with Section 122 are unsustainable where the allegation is limited to excess or unaccounted stock discovered at the premises. Case-Laws GST Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801348