28 January 2019
Recently i got to know from an article that, govt is significantly losing it's revenue on GST because of fake claiming of ITC by the vendor through preparation of fake invoices. My question is that, how could someone claim ITC by showing fake invoices, as we know that whatever we purchased from a registered supplier it is auto populated in GSTR -2A and according to which we can able to claim our ITC on inputs.
28 January 2019
ITC can be claimed in gstr 3b without gstr 2A linking. This they're misusing. Such person will be caught when department see the mismatch.