GST Invoice

Dynamic QR Code on B2C Invoices Under GST

Goods and Services Tax - 1. The CBIC vide Notification No. 14/2020-Central Tax, as amended by Notification No. 71/2020-Central Tax mandates that the taxpayers with an annual turnover of more than Rs.500 crore in any preceding financial year (starting from 2017-18) are compulsorily required to display QR (Quick Response ) code on their B2C invoices from 1st Decemb...

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NIC-Gepp Tool GST E-Invoice Preparing And Printing (Gepp) Tool

Goods and Services Tax - National Informatics Centre (NIC) is happy to announce the release of beta of version of ‘NIC-GST e-invoice Preparing and Printing’ (NIC-GePP) excel based Tool to assist the tax payers, who are not having the ERP solution, to enter invoice in web based form and print the e-invoice with QR code, after downloading the IRN from […...

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How to Generate E Invoice under GST

Goods and Services Tax - The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday notified that GST e-invoicing will be mandatory for any firm whose turnover exceeds Rs 100 crore from January 1, 2021. The limit set earlier was a turnover of Rs 500 crore....

Read More

e-invoicing under GST- Brief Overview

Goods and Services Tax - E Invoicing is one of the biggest and positive update taken place under GST law like E Way Bill system in 2020. The invoicing practices are adopted by business houses are different from one another and government wants unified and equal approach in invoicing....

Read More

Tax Evasion Through Fake Invoices & Actions by Government

Goods and Services Tax - You would have heard many GST fake invoice fraud news in recent time, in spite of many checks and balances introduced in GST laws such as GSTR-2A, Rule 36(4), e-invoicing, e-way bill etc. In a release, the CBIC said that it has so far registered about 12,000 cases of ITC fraud and arrested 365 people, […]...

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Advisory on Fake Invoice under GST

Goods and Services Tax - ⇒ Fake Invoice refers to a 'Non-Compliant GST Invoice'. 'Non-Compliant GST Invoice' means any invoice which does not comply with the provisions of the CGST Act and Rules, 2017. Usually, 'Fake Invoice' refers to a non-compliant GST invoice of the following types: (a) Invoice without any 'Supply' (b) Invoice with a 'Non-Compliant...

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Mumbai Exporter arrested for issuing fake GST invoices

Goods and Services Tax - Exporter arrested for creating bogus companies for issuance of fake invoices On the basis of inputs received from PCCO by using BIFA tool and intelligence further developed by the officers of CGST Mumbai West Anti Evasion team, a case was booked on nine (9) companies run by a 40 year old exporter Shri Santosh Kumar […]...

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GePP – GST e -Invoice Preparing and Printing Tool

Goods and Services Tax - National Informatics Centre (NIC) is happy to announce the release of ‘NIC-GST e-invoice Preparing and Printing’ (NIC-GePP Ver. 1.0). This is an excel based Tool to assist the tax payers, who are not having the ERP solution, to enter invoice in a user friendly form and print the e-invoice with QR code, after downloading the IRN from e...

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GST e-invoice system completed journey of 3 months

Goods and Services Tax - GST e-invoice system completed journey of 3 months; Enabled more than 37000 tax payers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs). 603 Lakhs e-invoices generated in December 2020 as compared to 589 lakhs in November 2020...

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Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

Goods and Services Tax - 1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/...

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HC allows Anticipatory Bail in alleged GST evasion of Rs.100 Cr

Nitin Verma Vs State of U.P. (Allahabad High Court) - Where the implication of a person was for a non-bailable offence, he could apply for anticipatory bail. If the applicant cooperated with the inquiry, there was no requirement of his arrest. Assessee was having his own address of residence and business. He could give surety ensuring his appearance. T...

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Fake ITC: HC modifies Bail Conditions considering COVID-19

A. Mohideen Vs The Senior Intelligence Officer (Madras High Court) - HC modify Conditions of Bail considering the inability of accused to comply with same due to COVID-19....

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HC denies Anticipatory Bail for evading GST by not Raising Tax Invoices

Smt. Jecintha Pillaivs Vs State of Telangana (Telangana High Court) - It is apparent that the petitioners are not cooperating with the investigation. The petitioners preferred the present petition on assumptions and presumptions with a view to avoid the statutory proceedings. The nature of financial frauds is complex in nature and requires examining several evidences ...

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Proceeding against issue of Fake Invoice to illegally avail ITC not hit by Limitation under Section 6(2)(1)(b) of CGST Act 2017

Dadhichi Iron And Steel Pvt. Ltd. Vs Chhattisgarh GST (Chhattisgarh High Court) - This Court does not find any substance in the arguments of the petitioner, when they say that the investigation and the proceedings now initiated is one, which hit by Section 6(2)(1)(b) of the CGST Act of 2017. What has also to be appreciated is the fact that there is a clear distinction between a p...

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HC grants Bail to Practicing Advocate allegedly involved in Fake GST Invoice Scam

Rajesh and another Vs State of Haryana (Punjab and Haryana HC) - It appears that petitioner Satnarain had rendered his professional services and assistance for the purpose of incorporation of the firms. At this stage, it cannot be said that he had joined hands with Rajesh Mittal or was beneficiary of any amount other than his professinal fee....

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Applicability of Dynamic QR Code on B2C invoices & compliance

Circular no. 146/02/2021-GST - (23/02/2021) - Clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020 - Reg....

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Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

437 - (06/01/2021) - 1. An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can f...

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Delay in auto-population of e-invoice details into GSTR-1: GSTN

NA - (30/11/2020) - Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices are be auto-populated in respective tables of GSTR-1....

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CBIC waives Penalty for non compliance to GST Invoice QR code provisions

Notification No. 89/2020–Central Tax [G.S.R. 745(E)] - (29/11/2020) - CBIC has vide Notification No 89/2020 dated 29.11.2020 waived Penalty for non compliance to QR code provisions if complied by April 01, 2021 for default during the period December 1,2020 to March 31,2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New D...

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Strong message to fraudsters involved in Fake GST Invoice: CBIC Chairman

D.O.No.42/CH(IC)/2020 - (23/11/2020) - Lastly, sustained action on the ground by our officers during the past couple of weeks in addressing the GST fake-invoice menace has conveyed a strong message to the fraudsters involved in this modus operandi....

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Recent Posts in "GST Invoice"

Advisory on Fake Invoice under GST

⇒ Fake Invoice refers to a 'Non-Compliant GST Invoice'. 'Non-Compliant GST Invoice' means any invoice which does not comply with the provisions of the CGST Act and Rules, 2017. Usually, 'Fake Invoice' refers to a non-compliant GST invoice of the following types: (a) Invoice without any 'Supply' (b) Invoice with a 'Non-Compliant...

Read More

Dynamic QR Code on B2C Invoices Under GST

1. The CBIC vide Notification No. 14/2020-Central Tax, as amended by Notification No. 71/2020-Central Tax mandates that the taxpayers with an annual turnover of more than Rs.500 crore in any preceding financial year (starting from 2017-18) are compulsorily required to display QR (Quick Response ) code on their B2C invoices from 1st Decemb...

Read More

Applicability of Dynamic QR Code on B2C invoices & compliance

Circular no. 146/02/2021-GST (23/02/2021)

Clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020 - Reg....

Read More

NIC-Gepp Tool GST E-Invoice Preparing And Printing (Gepp) Tool

National Informatics Centre (NIC) is happy to announce the release of beta of version of ‘NIC-GST e-invoice Preparing and Printing’ (NIC-GePP) excel based Tool to assist the tax payers, who are not having the ERP solution, to enter invoice in web based form and print the e-invoice with QR code, after downloading the IRN from […...

Read More

How to Generate E Invoice under GST

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday notified that GST e-invoicing will be mandatory for any firm whose turnover exceeds Rs 100 crore from January 1, 2021. The limit set earlier was a turnover of Rs 500 crore....

Read More

e-invoicing under GST- Brief Overview

E Invoicing is one of the biggest and positive update taken place under GST law like E Way Bill system in 2020. The invoicing practices are adopted by business houses are different from one another and government wants unified and equal approach in invoicing....

Read More

HC allows Anticipatory Bail in alleged GST evasion of Rs.100 Cr

Nitin Verma Vs State of U.P. (Allahabad High Court)

Where the implication of a person was for a non-bailable offence, he could apply for anticipatory bail. If the applicant cooperated with the inquiry, there was no requirement of his arrest. Assessee was having his own address of residence and business. He could give surety ensuring his appearance. Therefore, he deserved to be granted limi...

Read More

Mumbai Exporter arrested for issuing fake GST invoices

Exporter arrested for creating bogus companies for issuance of fake invoices On the basis of inputs received from PCCO by using BIFA tool and intelligence further developed by the officers of CGST Mumbai West Anti Evasion team, a case was booked on nine (9) companies run by a 40 year old exporter Shri Santosh Kumar […]...

Read More

Tax Evasion Through Fake Invoices & Actions by Government

You would have heard many GST fake invoice fraud news in recent time, in spite of many checks and balances introduced in GST laws such as GSTR-2A, Rule 36(4), e-invoicing, e-way bill etc. In a release, the CBIC said that it has so far registered about 12,000 cases of ITC fraud and arrested 365 people, […]...

Read More

E-Invoicing under GST: A critical analysis

Since, e-invoice has not been defined in the CGST Act, many people has mis-understood the whole concept of e-invoicing and it is believed by many that e-invoicing is generation/ preparation of the invoice electronically on an online portal....

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