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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rajasthan GST Act: Fake Invoices Not 'Supply,' Penalties u/ss 122, 74 for Issuers and Recipients.</h1> The circular addresses the misuse of fake invoices under the Rajasthan Goods and Services Tax Act, 2017. It clarifies that when a registered person issues a tax invoice without an actual supply of goods or services, it does not constitute a 'supply' under the Act, and thus no tax liability arises. However, the issuer is liable for penalties under section 122. If a recipient fraudulently avails input tax credit (ITC) based on such invoices, they face demand, recovery, and penalties under section 74. Further, if the recipient passes on such fraudulent ITC, they are also subject to penalties under sections 122(1)(ii) and 122(1)(vii).
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