GST fake invoices: Govt to do away with edit option to revise output!
Mon, Feb 5, 2024 2:26 PM

GST fake invoices: Govt to do away with edit option to revise output!

A Flip by Avya Verma
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The government is proposing to remove the edit option for buyers and sellers to revise their output liability in the next financial year, in order to improve compliance and prevent fake invoicing. This change may lead to certain challenges, such as reduced flexibility for correcting errors and increased administrative workload, but could also effectively manage false Input Tax Credit issues.

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