Fake invoice treatment in gst act
This query is : Resolved
Quick Summary
27 October 2021
Sir,
A gst registered regular scheme dealer sales and purchase transactions for turnover increased purpose.
Name Mr.A sales invoice (b2b) rs:4 lacs issued to another registered dealer Mr.B dt:10-10-21.
If same date Mr.B sales invoice (b2b) rs:4 lacs issued to another registered dealer Mr .A dt:10-10-21.
Question:
Above transactions fake(bogus) treatment in gst act.
A gst registered regular scheme dealer sales and purchase transactions for turnover increased purpose.
Name Mr.A sales invoice (b2b) rs:4 lacs issued to another registered dealer Mr.B dt:10-10-21.
If same date Mr.B sales invoice (b2b) rs:4 lacs issued to another registered dealer Mr .A dt:10-10-21.
Question:
Above transactions fake(bogus) treatment in gst act.
28 October 2021
Whether E-way bills were generated by both parties?
28 October 2021
e-waybill not generated
28 October 2021
Both parties will be fined for not generating E waybill. The transaction will be cancelled.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- GST ITC REVERSE
- Fixe term employment
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
