One form of financial terrorism is bogus billing

- A to Z of GST - Harsh Kishor

- Initially there were some queries regarding the GST network. But now GST Network is more user freindly than before

Soul of GST: Verashakh can be said to be the heart of GST. The GST tax system levies tax on the value added at every stage of purchase, sale or provision of services. And tax credit means the tax paid at a later stage i.e. at the stage of purchase is offset against the tax payable by the seller subject to certain conditions. Formula of Tax Liability: Tax payable == Output Tax-Input Tax credit (ITC), or T=OI. But some individuals are doing soul-sucking things for their own selfish purposes, with the intention of harming the tax revenue of the Government by creating false documents for registration and creating bogus bills and forged documents of carriage of goods on the basis of which such legally undeliverable tax credit is wrongly claimed and goods or Apart from actually engaging in service transactions, he avoids payment of tax due in cash with the prescribed form and commits economic crimes.

Just as bank scams, UPI scams, fake notes, credit card abuse cases, OTP scams etc. are being done by some sly crooks, even after six years of GST implementation, bogus billing is being done by some traders, transporters and other entities which It is a matter of concern for the government. However, the GST Act has severe punishment provisions for such illegal acts and till date more than 1400 people have been arrested across the country and more than 180 in our state of Gujarat due to combination and enforcement of civil and criminal laws and such criminals are currently languishing in jail. .

Is GST really that difficult to understand? No, not at all. Now GST is getting easier and simpler. All the facilities to taxpayers and officials are completed online through GST Network created for smooth implementation of GST. Initially there were some questions regarding the GST network. But now GST Network is more user freindly than before and is getting stabilized a lot. And gives necessary alerts and indications to users based on many validations. So the officer also gets good help in decision making. Now the system provides advisory, lawyers and CAs get a lot of help in using the system. How many times and when the notification changed or improved can also be tracked on the portal.

Another special thing here is that there is no need for everyone to be familiar with all the provisions, rules, all the tax rates, all the forms, declarations and circulars. The law is designed keeping in mind all business activities. 80% of traders have an annual turnover of Rs. Less than 5 crores is stated. QRMP i.e. Quarterly Return Monthly Payment option is available for such traders. So such forms have to be filled only four times in a year. Whether the GST Act has many i.e. 174 clauses, numerous sub-clauses, 162 rules and 180 forms or 1735 notifications and circulars or more than 8400 court cases in various High Courts or 2400 advance rulings regarding the rate of tax, but each The provision does not apply to every trader. For example, the banking sector does not need to delve into the provisions related to manufacturing or ceramic tiles or chemicals traders need not worry about the tax rate of readymade garments. It has to implement the clauses as applicable at the time. No section of GST operates alone. One clause affects another clause. As such, new registrations may affect options for sheet and composition. The letter may affect the ITC. Students should understand and absorb GST in terms of examination.

On-Line Transactions: 99.99% of GST transactions are faceless, meaning traders or their representatives do not need to visit the GST office or sign signatures. All operations like registration, return, payment, refund, appeal etc. are done online. Also, the taxpayer himself can do canceled registration in case of paper defect on the system. System now gives notice of difference between Form GSTR-3B and GSTR-1. Form verification is also to be done through the system. A down payment at the appeal stage automatically entitles the taxpayer to an injunction against collection. Thus, the burden of the officer is also reduced and traders do not have to come to the office frequently. A major problem faced by traders is now being overcome. The difficulty faced by taxpayers in filing second appeals due to lack of formation of GST Tribunal will soon be removed. As per the plan, a Principal Bench will now be constituted at Delhi and Tribunal Benches as required in the States. Finally GST Tribuna dt. As decided in the 50th meeting held on 11-7-2023, GST Tribuna will be launched in phases.

The history of GST in India is also very interesting:

Dt. Prior to 1-7-2017, as per the constitutional provision, the main taxes levied by the Central and State Governments were as follows. (Article-246- List 1 and 2 of Schedule-7)

Dt. 1-7-2017 Earlier as per the constitutional provision excise duty had to be paid at the stage of production of goods as per Central Excise Act. Service tax was to be paid on providing service. VAT used to be paid at the stage of sale of goods. Apart from this, entry tax and in some cases purchase tax had to be paid at the point of entry of goods from outside the state into the state. Entertainment tax and luxury tax were also in force. Instead of all such indirect taxes, GST is a tax levied at the point of supply of goods or services or both. Article-246(a) has been added to the Constitution of India by the 101st Constitutional Amendment for the implementation of YG. Through which the central and state governments can levy taxes on the same business transaction in parallel. Thus, the GST tax system means one country - one tax on any good or service.

GST MCQ & GST was introduced as a result of the ..... amendment of the Constitution.

(A) 100th (B) 101st (C) 102nd (D) 103rd (E) 104th

Answer : (B)

Type of Tax	Centre's Tax	Entry in the Union List	State's Tax	Entry in the State List
Direct Tax ( Direct Tax)	Income Tax	82	Taxes on agriculture Income ( not applicable)	46
	Corporation Tax	85	Taxes on lands and buildings	49
			Taxes on the consumption or sale of electricity.	53
			Taxes on professions, trades, callings and employments.	Article 276
Indirect Tax ( Indirect Taxes )	Custom Duty ( Tax on Import-Export )	83
	Excise Duty ( Production Charges)	84	Excise duty on alcohol liquors, opium and narcotics	51
	Service Tax ( Service Tax)	92 C	Sales Tax (VAT) & Purchase Tax	54
	Taxes on the sale or purchase of goods (CST)	92 A	Entry Tax ( Entry-tax)	52
	Tax on Inter-State Consignment Transactions	92 B