A fake GST bill is generated by scammers to dupe businessmen and customers, even without any actual supply of goods or services or GST payment. It is basically generated for various fraudulent reasons ...

Despite tighter enforcement and analytics-driven scrutiny, fake invoices and input tax credit (ITC) frauds under the Goods and Services Tax (GST) regime continue to surface on a large scale. The GST ...

Currently, there is an edit facility given to both buyers and sellers to correct any errors even after credit is taken on the tax. The government plans to do away with the flexibility given to buyers ...

The Story so far: The GST Council of India approved and rolled out the ‘e-invoicing’ or ‘electronic invoicing’ eco-system in a phased manner for reporting of business-to-business (B2B) invoices to GST ...

Finance Ministry on Sunday reported that over 29,000 fake firms were identified and over 44000 crores of GST tax evasion detected in a nationwide drive over 7 ½ months. The Ministry disclosed the ...