A number of cases have come to notice where the registered persons are found to be involved in issuing tax invoices, without actual supply of goods or services or both (hereinafter referred to as “fake invoices”), in order to enable the recipients of such invoices to avail and utilize input tax credit (hereinafter referred to … Continue reading Clarification on-demand and penalty in respect of fake GST invoices (Circular No. 171/03/2022-GST )