Kailash Villoy from Rajasthan was arrested for orchestrating a major tax evasion racket using fake GST registrations. The scheme involved fake invoices and unauthorized input tax credit claims, ...

Steps for reversing input tax credit claimed by customers on unpaid invoices. GSTR-2 filing can be used to reverse input tax credit wrongly availed.

The Directorate General of Taxation (DJP) under the Finance Ministry explained the rationale behind appointing e-commerce platforms as tax collectors.