https://www.taxtmi.com/forum/issue?id=118830 Penalty arises where a person issues an invoice without supply; the statute prescribes the statutory fixed amount or an amount equivalent to tax-related measures, whichever is higher. Debate focuses on whether tax evasion exists without supply and whether the alternative metric requires actual input tax credit to have been passed irregularly. Separately, the supplier faces penalty for issuing bogus invoices while the recipient may face tax, interest and distinct penalties for wrongful availment or utilisation of input tax credit, with evidentiary burden on the recipient and possible aggregation of penalties across tax heads. en-us Sat, 28 Oct 2023 19:08:46 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118830 Penalty arises where a person issues an invoice without supply; the statute prescribes the statutory fixed amount or an amount equivalent to tax-related measures, whichever is higher. Debate focuses on whether tax evasion exists without supply and whether the alternative metric requires actual input tax credit to have been passed irregularly. Separately, the supplier faces penalty for issuing bogus invoices while the recipient may face tax, interest and distinct penalties for wrongful availment or utilisation of input tax credit, with evidentiary burden on the recipient and possible aggregation of penalties across tax heads. Discussion-Forum GST Sat, 28 Oct 2023 19:08:46 +0530 https://www.taxtmi.com/forum/issue?id=118830