LDR GST

The Tamil Nadu government has issued guidelines for identifying fake billing traders who apply for new GST registration.( CCT Notification No.06_2022_TNGST) When a registered person issues a Tax Invoice without actual supply of goods/services or payment of GST then such invoice is presumed to be a 'Fake Invoice' The person issuing such bill is a fake bill trader. The registration procedure under the GST Acts has been simplified & streamlined to facilitate doing business by eliminating the need for pre-verification of firm premises. before issue of GSTIN. However, exploiting this simplified processes, many unscrupulous entities have obtained several fake registrations in order to engage in bill trading operations, resulting in revenue losses to the exchequer. As a measure to safeguard  the process and ensure genuinety, TN state government has issued instructions in order to prevent potential bill dealers from filing for registration. Rules 8 and 9 under the TNGST Act have b...