![]() ![]() Non- genuine taxpayer shall also include the persons who obtain registration by means of fraud, wilful misstatement or suppression of facts and for the fraudulent purpose like claim of bogus refunds or generation of e-way bills for suppressed supplies of other taxpayer, but they themselves are not engaged in genuine business activity.ġ.4 Several cases of monetisation of credit fraudulently obtained or ineligible credit through refund have been detected in the past. Such ITC is availed on the inward supplies shown from non-genuine/existing taxpayers without actual supply of goods & services.ġ.3 Non-genuine taxpayer is the one who issues invoice under GST Act without actual supply of goods or services to pass on inadmissible tax credit of ITC to the claimant. It enables taxpayers to claim input tax credit (ITC) of tax paid on inward supplies.ġ.2 GST Authorities have detected large number of taxpayers involving in use of fake invoices and wrongful availment/utilization of ITC. In order to avoid the cascading effect of levy of tax at each chain of value addition, GST regime involves seamless flow of credit on supplies. Sub: Standard operating Procedure (SOP) for Cancellation of Registration and for Repository of Non-genuine Taxpayers.ġ.1 GST is an indirect tax which is levied on the supply of goods and services and is a comprehensive, multi-stage, destination-based tax. ![]() ![]() VYAPAR BHAWAN, IP ESTATE, NEW DELHI- 110002 ![]()
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