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.
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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