High court fines firm for fraudulent GST tax credit claim
The Delhi High Court has raised concerns about the misuse of a Central Goods and Services Tax Act provision, fining a firm for fraudulently claiming input tax credit (ITC) to evade full GST payment. The court highlighted the potential damage to the GST framework from such large-scale fraud involving fake invoices.
The Delhi High Court has raised concerns about the misuse of a Central Goods and Services Tax Act provision, fining a firm for fraudulently claiming input tax credit (ITC) to evade full GST payment. The court highlighted the potential damage to the GST framework from such large-scale fraud involving fake invoices.
