GST Council likely to consider clearer framework to curb fake invoices

Clarification sought on applicability of demand and penalty provisions on transactions involving fake invoices The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source of issuance of fake invoices.  Since November 2020, the Centre and State have togeth…