Do You know you can fall prey to fake GST Invoice Scams? Yes, you heard me right. Scammers these days are creating fake GST bills to dupe people. A fake GST bill is generated without actual payment of GST or supply of goods or services. There are several reasons behind fake GST invoice generation by fraudsters including tax evasion, money laundering, fake purchases, converting income tax credit into cash, and more.
Steps To Identify Fake GST Invoices or Bills
- Verification of GSTIN Numbers of Goods Supplier
- Cross Check the GST Invoice Number
- Check the Status of Tax Payment by Supplier
- Verify the Signature of Supplier
- Verify HSN or SAC Codes of Goods & Services
How To Report Fake GST Bill or Invoice
Source: www.a2ztaxcorp.com
