GST DAILY – 211
Goods can’t be detained on speculation that they are undervalued; HC slams penalty imposed by GST officer
Tag: goods are undervalued
Goods cannot be detained and penalty cannot be imposed under Section 129 of the UPGST Act when goods are undervalued
The Hon’ble High Court of Allahabad in the case of Shamhu Saran Agarwal & Company allowed the writ petition and held that goods cannot be detained and penalty cannot be imposed under Section 129 of the UPGST Act when goods are undervalued.