a gst registered dealer purchase of goods invoice value rs:4 lacs dt:10-10-21 from another registered dealer.
if dealer purchase of goods after sales of goods value rs:4 lacs dt:10-10-21 to another registered dealer.
question:
above purchase and sale transaction same date and same value treatment fake (bogus) treatment in gst act.
2.dealer above transactions turnover increased purpose.
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Fake invoice treatment in gst act
Replies (1)
Above purpose is simply for taking fake ITC it is a violation of the GST act and proper officer can take action against this and penalty also be imposed equal to the amount of ITC taken plus interest
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