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GST to eliminate fake billing and fraudulent ITC claims; traders should know the benefits of the e-invoicing system.
The e-invoice system was introduced to make the Goods and Services Tax (GST) regime more transparent and technology-driven.
CBIC clarifies that fake invoices without actual supply do not create a taxable supply, but wrongful ITC utilization can trigger recovery under Section 74. The distinction depends on how the ITC is ...
While GST simplified taxation in many ways, it also introduced complex compliance requirements involving invoice management, ...
GST 2.0 has, by and large, settled in. RBI pegs GDP growth at roughly 6.8%, and international agencies continue to endorse India's resilient growth prospects. Revenue collections remain buoyant ...
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