Economies across the world have been struggling with tax frauds as long as the taxes have existed. It is a two headed-snake. Because of the non-compliance of a few, honest
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GST officials have successfully counteracted multiple defaulters who, with the help of fake invoices and GSTINs, were caught robbing the nation of its financial assets.
Updates on GST Portal | Curious Case of GSTR 2X | IRIS Sapphire: GSTR 2X | IRIS Peridot against GST Fraud | Interest payable on gross liability
As per the proposed plan, a lottery scheme shall be introduced to lure taxpayers to pay their GST. For the initial period, the GST panel shall hold daily and monthly lotteries for customers who indulge in a B2C transaction and take a copy of the bill after paying applicable GST.
Highlights: 31st GST Council Meeting | IRIS Peridot- Your GSTIN Tracker |Top 10 GST Advance Tax Rulings of 2018
