Section 15 of GST Act not prescribe valuation based on eye estimation

Maa Mahamaya Alloys Pvt. Ltd. Vs State Of U.P. And 3 Others (Allahabad High Court) Allahabad High Court held that provisions of section 15 of the GST Act doesn’t prescribe valuation of goods on the basis of eye estimation. Accordingly, impugned order based on such valuation is not sustainable. Facts- The petitioner is a Company duly registered under the GST Act. It is stated that the material purchased by the petitioner are duly reflected on the portal of the department including the GSTR-3B. Post inspection and seizure, it is argued that the petitioner was compelled to deposit an amount of ...