A registered sales of goods transaction to b2c cash received after b2c sales transaction conversation b2b transaction show in gstr1. question: dealer above mentioned transaction fake invoice treatment in gst act.
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Quick Summary
This discussion clarifies the treatment of fake invoices under the GST Act, particularly concerning B2C sales where cash is received and later converted into B2B transactions. It addresses how such transactions should be reported in GSTR1 when tax invoices are issued to registered dealers. The core issue revolves around distinguishing genuine B2C sales from potentially misrepresented B2B transactions for GST compliance.