31/08/2026
⚖️ GST UPDATE
🚨 Kerala GSTAT sets aside ₹1.34 Lakh penalty imposed u/s 129 on internal stock transfer of TMT bars between own premises under same GSTIN — just because e-way bill was missing!
📌 M.S. Steels v. Commissioner of Kerala State GST | (2026) 45 Centax 257 (Tri. – GST – Kerala) | 14.08.2026
✅ No supply → No tax payable → No penalty u/s 129. Missing e-way bill is a document lapse, not fraud! .