Web38 minutes ago · Reconcile the invoices / credit notes / debit notes as per books with e-invoice portal to ensure that IRN is generated for all B2B, exports and SEZ supplies. In case of export of goods, reconcile the shipping bills details with GSTR-1. This is necessary for claiming the refund of unutilized ITC / GST paid on export. WebApr 20, 2024 · Penalty For False Entry In Books Of Account Or Fake Invoices Under The Income-tax Act And The GST Act Posted on April 20, 2024 by editor Posted in Articles — 4 …
Rs 2,250 crore tax evasion concern: DGGI sends show cause …
WebJul 8, 2024 · The person who issued the invoice may face a penalty for issuing fake invoices. However, no penal action or tax will be applicable on the actual transaction … WebAs stated above, Central Goods and Services Tax Act, 2024 and the rules made thereunder don’t define the term ‘fake invoice’. However, any invoice will be treated as ‘fake’ when … state of michigan bridge card application
Mere belated TDS Remittance won
Web1 day ago · A law enforcement agency under the Ministry of Finance has served show cause notices to insurance companies, including new-age insurers such as Go Digit and Policybazaar, alleging a wrongful claim of input tax credit under Goods and Services Tax (GST) services. This and more in today’s ETtech Top 5. Also in this letter: Web2 days ago · To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting. 3. Please note that this restriction will only apply to the document type invoice, and there will be no time restriction on reporting debit/credit notes. 4. For example, if an invoice has a date of April 1 ... WebJan 15, 2024 · E-invoice B2C QR Code: Applicability, Penalty, Contents, Generation, Exemption List. B2C QR Code was made mandatory by the government for businesses … state of michigan budget 2020