{"id":70734,"date":"2025-01-10T08:57:40","date_gmt":"2025-01-10T03:27:40","guid":{"rendered":""},"modified":"2025-01-10T08:57:40","modified_gmt":"2025-01-10T03:27:40","slug":"high-court-rules-excess-stock-does-not-justify-section-130-action-opt-for-tax-proceedings-u-ss-73-or-74","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=70734","title":{"rendered":"High Court Rules Excess Stock Does Not Justify Section 130 Action; Opt for Tax Proceedings u\/ss 73 or 74."},"content":{"rendered":"<p>High Court Rules Excess Stock Does Not Justify Section 130 Action; Opt for Tax Proceedings u\/ss 73 or 74.<br \/>Case-Laws<br \/>GST<br \/>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.<br \/> TMI Updates <\/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=84751\">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 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 instea<\/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-70734","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/70734","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=70734"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/70734\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}