Penalty imposed for fake invoice

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B.com
3025 Points Posted on 18 January 2023
penalty imposed sec 73 and 74 or sec 122 provision applicable for fake invoice itc claim dealer in gst act.
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On 18 January 2023 at 22:12 Report
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Quick Summary
This discussion clarifies the GST penalties applicable to fake invoice Input Tax Credit (ITC) claims. It highlights that Section 122 of the GST Act typically applies to the provider of the fake invoice, while Section 74 is relevant for the recipient. The CBIC circular dated 18.07.22 is referenced as a key guidance document for these provisions.

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M Com FCS LLB M-AIMA
14046 Points Posted on 19 January 2023

refer circular dated 18.7.22 of CBIC in this regard

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On 19 January 2023 at 13:23
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CA
1248 Points Posted on 19 January 2023

Section 122 for Invoice provider.

Section 74 for Invoice receiver.

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On 19 January 2023 at 13:58

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