ONE OF UNIT SOLD GOODS AGAINST FORGED BANK DRAFT. BILL RAISED TO PARTY SAYS THAT THEY HAVE NEVER RECEIVED THE GOODS AND RECIPIENTS OF GOODS WERE NOT THEIR REPRESENTATIVES. IS THEIR ANY WAY TO SAVE GST NOW? THOUGH FIR LODGED AGAINST THIS FRAUD.
GOODS SOLD AGAINST A FORGED BANK DRAFT
ROHIT GOEL
Fraudulent Sale with Forged Bank Draft Leads to GST Liability Despite Filing FIR for Fraud A business unit sold goods using a forged bank draft, and the billed party claims they never received the goods, asserting that the recipients were not their representatives. Despite filing a First Information Report (FIR) for the fraud, the query seeks advice on avoiding Goods and Services Tax (GST) liability. The response indicates that there is no way to avoid paying GST in this situation. (AI Summary)
TaxTMI
TaxTMI