Thursday, December 30, 2021

GST evasion of ₹40,000 crore detected from fake invoicing, ITC claims

The latest measures are aimed at tackling such frauds, impart better payment discipline and also protect the recipient who is not always in a position to ascertain that his supplier has paid the tax and is vulnerable to the recovery of input tax credit, when the tax is not paid by the supplier.

from Economy-News-Economic Times https://ift.tt/3eFWdop
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