Anti-profiteering investigation: Mock purchases, premise visits planned to check B2B invoices - ET


Anti-profiteering investigation: Mock purchases, premise visits planned to check B2B invoices - ET
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Monday, June 24, 2019
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Dear all,
Your association is forwarding herewith an article published on the web portal of The Economic Times on dated 24.06.2019.

Anti-profiteering investigation: Mock purchases, premise visits planned to check B2B invoices: The Economic Times 24.06.2019

Taxmen could carry out ‘mock purchases’, visit premises and check invoices issued by top 20 goods and services suppliers as part of anti-profiteering investigations in their respective areas under the new tightened framework under Goods and Services Tax.

GST officers conducting antievasion verification, audits, inspections or search operations may also include checks from anti-profiteering perspective, according to the new stringent monitoring mechanism for taxmen to keep a check on companies for profiteering from reduction in tax rates or availability of seamless input tax credit endorsed by the Council… TO READ THE FULL ARTICLE PLEASE CLICK HERE.

This is for your kind information. 

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association, 

Narendra Trivedi,
Secretary


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