Supply of Invoice without goods

[Shrey Laddha]

Issue: Assesse has purchased yarn through broker and recieved Invoice. Seller in the Invoice was the party from which broker purchased yarn and sold to assesse. Now the issue is there has been departmental raid in Seller's office. Seller denied the above sale, despite of fact that the bill was in his name. The said broker fled away. Because of this Gst officer are pressurizing the assesse that this is case of bogus invoice u/s 122. But assesse has genuinely purchased those goods through broker. The only proof we have is Invoice and payment made to seller through bank. No E-way bill was active at that time. And assesse does not maintain any goods recieved note. Please guide us.

AI Summary

Purchaser Accused of Using Bogus Invoice After Broker Disappears; Lacks E-way Bill or Goods Received Note. An individual faced an issue where they purchased yarn through a broker, receiving an invoice from a seller who later denied the sale after a departmental raid. The broker fled, leaving the purchaser under pressure from GST officers for allegedly using a bogus invoice. The purchaser only has an invoice and bank payment as proof, lacking an E-way bill or goods received note. Respondents advised collecting supplier's GST returns, cross-examining the supplier and broker, and gathering documentary evidence to support their claim. They emphasized the importance of substantiating input tax credit claims and the potential impact of new GST regulations.