For a few years now, GST authorities have been attempting to halt GST extortion. According to the GST Committee, most of the GST extortion within the nation is done through fake receipt bills. Merchandise and Administrations Assess (GST) was implemented in 2017 to rearrange the tax collection framework within the nation by evacuating numerous roundabout charges like VAT, benefit assess, etc. Under GST, each registered business is required to issue a receipt containing a substantial GSTIN, which is the breakdown of coordinates for GST, state GST, and state GST. However, like every other modern framework, numerous fraudsters have begun taking advantage of the GST system.
A fake GST charge may be an enormous problem
Fake GST solicitations have become a huge issue for authorities. Strikingly, such uncontrolled cases of extortion within the frame of fake GST solicitations can be a major bother for small businesses and clients, as these offer assistance fraudsters siphon off cash paid by clients within the title of assess. Are.
As expressed by the Union Fund Service, indeed, without the supply of products, administrations, or GST installments, scammers create a fake GST charge to dupe dealers and clients. Typically fundamentally done for reasons like assess avoidance, changing over input assess credits into cash, booking fake buys, or cash laundering
How do I distinguish a fake GST charge? (How to recognize Fake GST Invoice)
A fake GST receipt or charge can be distinguished in numerous ways.
GSTIN
GSTIN Verification
1. You can verify the GST invoice by visiting the official GST portal at https://www.gst.gov.in/ and verifying the GSTIN (Goods and Services Tax Identification Number).
2. On the homepage, select ‘Search Taxpayer’ to check the GSTIN number given in the challan.
3. If the GSTIN is genuine, then you will get its details on the website.
GSTIN Format
If you know the meaning of a 15-digit GSTIN number, then you can identify a fake GST bill. The first two digits of GSTIN represent the state code, and the next 10 digits are the PAN number of the seller or supplier. The 13th digit is the unit number of the same PAN holder, the 14th digit is the letter ‘Z’, and the 15th digit is the ‘checksum digit’.
How do I report a fake GST invoice? (How to report Fake GST Challan)
There are several ways to report cases of fake GST invoices.
1. You can visit the official GST portal and register your complaint on ‘CBEC Mitra Helpdesk’ and ‘Raise Web Ticket’.
2. You can also send an email to cbecmitra.heldesk@icegate.gov.in.
3. You can also contact the concerned authority through the official Twitter handle for GST.
