{"id":69733,"date":"2024-08-02T08:13:46","date_gmt":"2024-08-02T02:43:46","guid":{"rendered":""},"modified":"2024-08-02T08:13:46","modified_gmt":"2024-08-02T02:43:46","slug":"excess-stock-triggers-gst-act-sections-73-74-not-section-130-court-quashes-orders-invoking-section-130-for-excess-stock-found-during-survey","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=69733","title":{"rendered":"Excess stock triggers GST Act Sections 73\/74, not Section 130. Court quashes orders invoking Section 130 for excess stock found during survey."},"content":{"rendered":"<p>Excess stock triggers GST Act Sections 73\/74, not Section 130. Court quashes orders invoking Section 130 for excess stock found during survey.<br \/>Case-Laws<br \/>GST<br \/>Excess stock found during survey triggered initiation of proceedings against petitioner. Court held if excess stock found, proceedings u\/ss 73\/74 of GST Act should be invoked, not Section 130 read with Rule 120. Court relied on previous judgment holding excess stock attracts Sections 73 &#038; 74, not Section 130 read with Rule 122. Law <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=80050\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Excess stock triggers GST Act Sections 73\/74, not Section 130. Court quashes orders invoking Section 130 for excess stock found during survey.Case-LawsGSTExcess stock found during survey triggered initiation of proceedings against petitioner. Court held if excess stock found, proceedings u\/ss 73\/74 of GST Act should be invoked, not Section 130 read with Rule 120. Court &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=69733\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Excess stock triggers GST Act Sections 73\/74, not Section 130. Court quashes orders invoking Section 130 for excess stock found during survey.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69733","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69733"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69733\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}