Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Fake invoice treatment in gst act

kollipara sundaraiah (B.com) (1569 Points)

27 October 2021  
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.
above purchase and sale transaction same date and same value treatment fake (bogus) treatment in gst act.
2.dealer above transactions turnover increased purpose.

 1 Replies

Sourav (Student) (23865 Points)
Replied 28 October 2021

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Subscribe to the latest topics :
Search Forum:

Trending Tags