Stock from Sister’s Demolished Godown found During GST Inspection Triggers Liability: Madras HC allows to file

In a recent ruling, the Madras High Court addressed a GST-related issue where stock found in a demolished godown during a GST inspection led to a significant liability. The court allowed the company to appeal against the GST order on a pre-deposit of 25% of the disputed amount. The case highlights the importance of accurate record-keeping and compliance with GST regulations. Businesses must ensure they maintain proper documentation, even for assets that may be deemed non-existent or destroyed, to avoid such legal complications.