{"id":76937,"date":"2026-10-12T04:18:33","date_gmt":"2026-10-12T04:18:33","guid":{"rendered":""},"modified":"2026-10-12T04:18:33","modified_gmt":"2026-10-12T04:18:33","slug":"unaccounted-stock-found-during-survey-requires-assessment-as-supplied-goods-not-direct-confiscation-or-a-confiscation-fine","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=76937","title":{"rendered":"Unaccounted stock found during survey requires assessment as supplied goods, not direct confiscation or a confiscation fine."},"content":{"rendered":"<p>Unaccounted stock found during survey requires assessment as supplied goods, not direct confiscation or a confiscation fine.<br \/>Case-Laws<br \/>GST<br \/>Failure to account for goods requires tax determination by treating them as supplied under statutory assessment provisions. Excess or unaccounted stock identified during a business-premises survey should therefore be assessed under those provisions rather than subjected directly to confiscation or a fine in lieu of confiscation. On that basis, confiscation proceedings and the consequential tax, penalty and fine were unsustainable, and the original order remained set aside while the revenue challenge failed.<br \/> TMI Updates &#8211; Highlights, quick notes, marquee, annotation, news, alerts <\/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=104855\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unaccounted stock found during survey requires assessment as supplied goods, not direct confiscation or a confiscation fine.Case-LawsGSTFailure to account for goods requires tax determination by treating them as supplied under statutory assessment prov&#8230;<\/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-76937","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76937","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=76937"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76937\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}