A legitimate GSTIN ought to have 15 digits.
Identifying a pretend GST bill is essential to stop tax evasion and safeguard what you are promoting from fraudulent actions.
Large variety of Goods and Services Tax (GST) fraud instances involving the usage of pretend invoices for flawed availment of enter tax credit score (ITC), which is additional used to pay GST on outward provide have been detected for the reason that rollout of GST by the Central GST authorities in addition to State GST authorities. Identifying a pretend GST bill is essential to stop tax evasion.
What Is A Fake GST Invoice?
The ‘Invoices’ which are often handled as ‘fake’ are these whereby the GST invoices are raised by an entity with out precise provide of products or companies or cost of GST.
Here’s a step-by-step information on find out how to determine a pretend GST bill:
Verify the GSTIN:
Check for the presence of a legitimate GSTIN (Goods and Services Tax Identification Number) on the bill. A legitimate GSTIN ought to have 15 digits.
Verify the GSTIN on the official GST portal (https://www.gst.gov.in/). Enter the GSTIN within the ‘Search Taxpayer’ part and test if the main points match the provider’s info.
Every registered provider of products or companies is assigned a GSTIN, which is a mix of the state code, PAN, and a novel registration quantity.
If the GSTIN is legitimate, the title and tackle of the provider will likely be displayed on the display.
Invoice Number and Date:
Check the date and bill quantity talked about on the GST invoice. Any discrepancy can point out that the stated invoice is a pretend GST invoice.
HSN and SAC Codes
Harmonized System of Nomenclature code is assigned to items, whereas Services Accounting Code is assigned to companies.
This could be verified from the GST portal.
Verify Tax Payment Status:
Visit the GST portal and test the provider’s tax cost historical past. Ensure the provider has paid the taxes for the bill in query.
Mera Bill Mera Adhikaar scheme
Recently, the federal government launched the Mera Bill Mera Adhikaar scheme, in an effort to encourage prospects to ask for payments for all purchases. The scheme’s goal is to create a cultural and behavioural shift in individuals, encouraging them to request a invoice as their proper and entitlement.
Consumers will likely be eligible for thrilling rewards of as much as one crore rupees below this scheme. To be eligible for the reward, prospects should add their payments to the Mera Bill Mera Adhikaar app. They also can add the payments to the merabill.gst.gov.in net portal.
Mera Bill Mera Adhikaar is presently accessible on each the iOS and Android platforms. All invoices submitted to shoppers by GST registered suppliers can be eligible for the Mera Bill Mera Adhikaar initiative.
