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Billing related

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2014 why many people take sell or purchase bill from other party?
here materials are not transfered. only entry taken.
what this thing take place.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
29 July 2014 to reduce the tax liability. I is a bad practice.....
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 July 2014 it is nothing but hawala transactions. punishable under law by the way.
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