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Piyush Singhania

Latest Posts by Piyush Singhania

Subsequent Effects of Claiming Fake GST Input Tax Credit

August 13, 2021 2448 Views 0 comment Print

Availing Fake GST Input Tax Credit can provide short term benefit to businesses but in long run, it could have devastating effect. In above case, Mr Mohan has been witnessed greedy to avail credit of Rs 90,000/- and in long run, he has to face huge interest, penalty and fines imposed by the GST Department. We all should remember not to play with the intelligence level of any personnel of Tax Departments.

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