No proceedings u/s. 130 of GST Act if excess stock found at the time of survey: Allahabad HC

J.H.V. Steels Ltd Vs Union Of India And 4 Others (Allahabad High Court) Allahabad High Court held that proceedings under section 130 of the GST Act cannot be put to service if excess stock is found at the time of survey. Accordingly, order set aside and liable to be quashed. Facts- The petitioner is a Limited Company and is engaged in the business of manufacture and sale of iron and steel. On 30.11.2018, an inspection/search u/s. 67 of the GST Act was conducted at the business premises of the petitioner by the SIB and proceedings under the GST Act were initiated by issuing notice. Thereafter, ...