CBIC detects Rs 62000-crore GST evasion via fake invoices during past 3 years

Leave a Comment / GST / By / December 26, 2022 / , ,

Tax authorities have detected Rs 62,000 crore worth of goods and services tax (GST) evasion (or frauds) using fake invoices during the past three years, said a senior official of the Central Board of Indirect Taxes and Customs (CBIC). This is the primary reason the government has kept such offences out of the increased monetary threshold of …

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FAQ on Dynamic Quick Response (QR) Code on B2C Invoices and Compliance

BUSINESS & ECONOMY / By / February 24, 2021 /

Notification No. 14/2020-Central Tax, dated 21st March 2020 had been issued which requires Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020. Further, vide Notification No. 89/2020- Central Tax, dated 29th November 2020, penalty has been waived for non-compliance of the provisions of Notification No.14/2020 …

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