https://www.taxtmi.com/circulars?id=65867 Issuance of tax invoices without actual supply does not amount to a supply and so does not generate tax demand under ordinary demand provisions; the issuer is nonetheless liable to penal action for issuing invoices without supply. A recipient who fraudulently avails and utilizes input tax credit on such invoices is liable for recovery of the credit with interest and penal action under provisions addressing fraudulent availment or utilization; duplicate penalties for the same act are barred. If the recipient further passes on the credit by issuing invoices without supply, no output tax demand arises, but penal action applies to the intermediary for issuing invoices without supply and for wrongful use of credit. en-us Thu, 14 Jul 2022 00:00:00 +0530 Fri, 16 Sep 2022 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65867 Issuance of tax invoices without actual supply does not amount to a supply and so does not generate tax demand under ordinary demand provisions; the issuer is nonetheless liable to penal action for issuing invoices without supply. A recipient who fraudulently avails and utilizes input tax credit on such invoices is liable for recovery of the credit with interest and penal action under provisions addressing fraudulent availment or utilization; duplicate penalties for the same act are barred. If the recipient further passes on the credit by issuing invoices without supply, no output tax demand arises, but penal action applies to the intermediary for issuing invoices without supply and for wrongful use of credit. Circulars GST - States Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65867