https://www.taxtmi.com/circulars?id=65776 Issuance of tax invoices without actual supply does not amount to supply and so does not attract tax demand under assessment provisions, but the issuer is subject to penal sanctions for issuing invoices without supply. A recipient who fraudulently avails and utilises ITC without receipt of goods or services is liable for recovery of the ITC with interest and for penalty under provisions addressing fraudulent availment; duplicate penalties for the same act are precluded. If such availed ITC is passed on by issuing invoices without supply, no tax demand arises for non-existent outward supply, but penal provisions apply to those who issued invoices and utilised ITC wrongfully. en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65776 Issuance of tax invoices without actual supply does not amount to supply and so does not attract tax demand under assessment provisions, but the issuer is subject to penal sanctions for issuing invoices without supply. A recipient who fraudulently avails and utilises ITC without receipt of goods or services is liable for recovery of the ITC with interest and for penalty under provisions addressing fraudulent availment; duplicate penalties for the same act are precluded. If such availed ITC is passed on by issuing invoices without supply, no tax demand arises for non-existent outward supply, but penal provisions apply to those who issued invoices and utilised ITC wrongfully. Circulars GST - States Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65776