High Court Rules Excess Stock Does Not Justify Section 130 Action; Opt for Tax Proceedings u/ss 73 or 74.
Case-Laws
GST
Excess stock found during survey cannot lead to proceedings u/s 130 of UPGST Act against registered dealer. As per HC, in cases of excess stock, tax determination proceedings u/ss 73 or 74 of UPGST Act are applicable instead of Section 130. Relying on precedent, HC quashed impugned orders initiating action u/s 130 for excess stock and allowed petition.
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