{"id":69872,"date":"2024-08-28T09:08:09","date_gmt":"2024-08-28T03:38:09","guid":{"rendered":""},"modified":"2024-08-28T09:08:09","modified_gmt":"2024-08-28T03:38:09","slug":"excess-stock-triggers-wrong-proceedings-under-gst-act-court-quashes-order-and-directs-initiating-proper-proceedings","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=69872","title":{"rendered":"Excess stock triggers wrong proceedings under GST Act; Court quashes order and directs initiating proper proceedings."},"content":{"rendered":"<p>Excess stock triggers wrong proceedings under GST Act; Court quashes order and directs initiating proper proceedings.<br \/>Case-Laws<br \/>GST<br \/>Excess stock found during inspection triggered proceedings u\/s 130 read with Section 122 of UP GST Act. Court held that if excess stock is found, proceedings u\/ss 73\/74 of GST Act should be initiated, not Section 130 read with Rule 120. Impugned order passed u\/s 130 read with Section 122 for excess stock cannot be sustained and is quashed. Petition allowed.<\/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=80778\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Case-Laws &#8211; GST &#8211; Highlights &#8211; Excess stock found during inspection triggered proceedings u\/s 130 read with Section 122 of UP GST Act. Court held that if excess stock is found, proceedings u\/ss 73\/74 of GST Act should be initiated, not Section 130 read w<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69872","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69872","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=69872"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69872\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}