Just came to know that a few people used fake sales bills and didn't actually make any supply of goods or services. What is the use of producing fake sales bills? Don't they need to pay tax for those bills generated and exchanged? Also, what benefit the receiver get out of this transaction? Can anyone help me understand this with an example?
Thanks in advance.
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GST fake bills
Replies (6)
How can get benefit by the Receiver...?
No way for claim the bills...
Totally Loss...
No way for claim the bills...
Totally Loss...
It's a part of business transaction.
U will get to learn it only when u r in the business..
U will get to learn it only when u r in the business..
fake gst bills not acceptable.
if the supplier files his sales detail in GSTR1, then only buyer can claim ITC for it.
if the sales Bill is fake, it will not be reflected in gstr2A, so u can't claim ITC .
if the supplier files his sales detail in GSTR1, then only buyer can claim ITC for it.
if the sales Bill is fake, it will not be reflected in gstr2A, so u can't claim ITC .
Raja and Vinod sir,
It was in the news day before yesterday. It happened in Kanpur. And two were arrested for 60 crore tax evasion using fake bills. Are you not aware of this?
It was in the news day before yesterday. It happened in Kanpur. And two were arrested for 60 crore tax evasion using fake bills. Are you not aware of this?
https://www.hindustantimes.com/jaipur/fake-gst-bills-racket-busted-in-jaipur-3-arrested/story-tmRfUYBjhKMGkLlgQjCSvK.H T M L
Thanks for the information........
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