TaxTMI 
TaxTMI 
TaxTMI 
STOCK VARIATION DEFECT in audit by the department
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....TOCK VARIATION DEFECT in audit by the department<br> Query (Issue) Started By: - Sasi Kumar Dated:- 12-10-2022 Last Reply Date:- 13-10-2022 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Hell....
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....o sirs/madam, The dealer is an iron and steel wholesaler & distributor with large turnover . During the audit, the department arrived at stock difference/ stock variation defect between physical stoc....
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....k and book stock maintained. Physical stock value was arrived barely on eye estimation only. Please discuss appropriate CASE LAWS to file detailed objections. Thanks you. Reply By KASTURI SETHI: The....
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.... Reply: An eye estimation cannot be basis for booking an offence case on account of shortage of stock. There are so many case laws in assessee's favour. A few are as under :- 2018 (4) TMI 363 - ....
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....CESTAT NEW DELHI STAR ALLOYS & CHEMICALS PVT. LTD. Versus COMMR. OF C. EX. & S.T., RAIPUR 2017 (10) TMI 1022 - CESTAT ALLAHABAD COMMISSIONER OF C. EX., KANPUR Versus GOOD EARTH STEEL PVT. LTD. 2017 ....
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....(7) TMI 982 - CESTAT KOLKATA COMMR. OF C. EX., HALDIA Versus SHRI BADRINARAYAN ALLOYS & STEELS LTD. 2021 (12) TMI 958 - CESTAT KOLKATA AMBICA IRON & STEEL PVT. LTD. Versus COMMR. OF C. EX., CUS. & S.....
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....T., ROURKELA Pl. also go through relied upon case laws. Reply By Sasi Kumar: The Reply: Dear kasturi seti sir, Thanks for your wonderful support . As usual you are replies are always timely as we....
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....ll as to the point. Thank you very much sir.<br> Discussion Forum - Knowledge Sharing ....