Proceedings u/s 130 of GST Act cannot be Initiated for Excess Stock Found During Survey: Allahabad HC [Read Order]
The court agreed that the initiation of proceedings under Section 130 was inappropriate, reiterating that such proceedings should be reserved for more severe infractions and not for cases involving excess stock found during a survey
By Navasree A.M - On August 31, 2024 11:06 am - 2 mins read
The Allahabad High Court has ruled that proceedings under Section 130 of the GST ( Goods and Services Tax ) Act, 2017 cannot be initiated solely on the basis of excess stock found during a survey. The case involved a partnership firm, Banaras Industries engaged in the manufacture and sale of iron and steel products,…
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