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of <h1>High Court Rules Excess Stock Issues Should Use UPGST Sections 73/74, Not Section 130, for Tax Proceedings.</h1> The High Court ruled that when excess stock is discovered during a survey of a registered dealer, proceedings should be initiated under Sections 73 and 74 of the UPGST Act to determine tax liability, rather than under Section 130. The petitioner, a dealer in iron and steel, challenged orders under Section 130, arguing that these proceedings were inappropriate for excess stock issues. The court referenced previous cases, Metenere Ltd. and Maa Mahamaya Alloys Pvt. Ltd., reinforcing that tax demands should follow the procedures in Sections 73 or 74. Consequently, the court quashed the orders under Section 130, supporting the petitioner's stance.
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