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Clarification on Demand & penalty on fake invoices| Circular No. 171/03/2022-GST
Input Tax Credit
CA. Kapil Mittal

Clarification on Demand & penalty on fake invoices| Circular No. 171/03/2022-GST

Department received various representations from the trade as well as the field formations seeking clarification on the applicability of demand and penalty provisions on transactions involving fake invoices. Understanding the severity of this issue, the Department issued the following clarification that how demand and penalty provisions on such transactions will apply to vide Circular No. 171/03/2022-GST dated 6th July 2017.

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Invoices under GST
Tax Invoice
CA. Kapil Mittal

Invoices under GST

Tax invoice is issued by the registered person while making a taxable supply and it contains all details related to supply such as Details of supplier, buyer, details of products, GST Charged, transporters details. Hence, unregistered persons cannot issue a tax invoice under GST.

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