GST Fraudulent Invoicing 2023| The tax authorities are currently conducting an extensive investigation into claims made by insurance companies regarding input tax credit, and they are now turning their attention to a group of automobile dealers who are suspected of creating false invoices without providing any actual services. This particular act is considered a violation of the GST law and can result in punishment.
According to reports, the authorities have reportedly interrogated car dealers in order to clarify the nature of services they offered to general insurance companies.
The investigators have reason to believe that car dealers may have been promoting insurance plans that offer them commissions exceeding the limits set by insurance regulations.
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