The DGGI has taken action against insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for alleged issuance of fake invoices to claim input tax credit without providing services
GST officers have busted a network of 46 fake firms which used to generate fake invoices and fraudulently avail input tax credit (ITC) worth Rs 82.23 crore, the finance ministry said on Tuesday.
GSTR-2A is a purchase return auto-generated by the system based on the transaction between a business and its supplier.
Popular restaurants and eateries have hiked menu prices, negating the impact of GST rate cut on consumers.
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