Business Standard

Thursday, January 09, 2025 | 03:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

GST Council's law panel to meet on Wednesday over fake invoices

Meeting is part of nationwide drive against fake GST invoices; 25 held, 350 cases filed against 1,180 entities till Nov 13, crackdown resumes today after diwali recess

GST, goods and services tax
Premium

The sources said fake invoices were not only issued for availing or passing of input tax credit but were also used as conduit for nefarious activities leading to tax evasion

Indivjal Dhasmana New Delhi
An urgent meeting of the law committee of the GST Council has been convened on Wednesday here to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime. 

The meeting will discuss the ways of further tightening of the GST registration process and work out other legal measures including necessary amendment in the GST laws to arrest fake invoicing, sources in the finance ministry said. 

The sources said this meeting is part of the nationwide drive against the GST fake invoices. The authorities have arrested 25 persons and booked 350 cases against

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in