According to the GST Council, most of the GST frauds in the country are done through fake invoice bills. Goods and Services Tax (GST) was implemented in the year 2017. Through this, an attempt was made to simplify the taxation system in the country. In this, many indirect taxes like VAT, service tax etc. were removed.

Under GST, every registered business is required to issue an invoice. It has a valid GSTIN. It will show the breakup of Integrated GST, State GST and State GST. However, like every new system, many fraudsters have started taking advantage of the GST system. You can get information about them through these methods.

How to identify:

You can check GSTIN by visiting the official GST portal https://www.gst.gov.in/. On this portal, select ‘Search Taxpayer’ to check the GSTIN number. If the GSTIN number is correct, then its information will be available on your portal. If not found, then it is a fake number.

Even if you understand the GSTIN format, you can identify real and fake numbers. GSTIN number is 15 digits. The first two digits are the state code, the next 10 digits are the PAN number of the seller or supplier, the 13th digit is the unit number of the same PAN holder, the 14th digit is the letter ‘Z’, and the 15th digit is the ‘checksum digit’.

How to report fake GST invoice?

1- You go to GST portal, here you can register your complaint on ‘CBEC Mitra Helpdesk’ and ‘Rage Web Ticket’.
2- Email can also be sent to cbecmitra.heldesk@icegate.gov.in.
3- You can also make your complaint by visiting the official Twitter handle of GST.

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From next month, the rules of Yamuna Expressway, General Insurance, National Pension Scheme, buying property and buying a new vehicle are changing. Let us know which rules will change from September 1.

PNB KYC

Punjab National Bank has instructed its customers to get KYC done by August 31. The PNB account of those who do not do so will be closed. PNB had warned its customers by sending a message a month ago.

insurance rules

IRDAI has changed the rules of General Insurance. Now the agent will get only 20 percent commission on insurance commission instead of 30 to 35 percent. This will reduce the premium of the people and they will get relief. This new draft notification will be effective from mid-September. This can lead to a reduction in the insurance premium in the future.

National Pension Scheme Account

From September 1, the rules regarding the accounts of the National Pension Scheme are also changing. Point of Presence commission is available on opening an account of National Pension Scheme. This commission will now be increased from Rs 15. According to the new rules, now 10 thousand rupees have been made.

increased toll burden on the pocket

Now using Yamuna Expressway to come to Delhi will increase the toll burden on your pocket. The Yamuna Expressway Industrial Development Authority has approved the hike in toll. Will take 10 paise more loan per kilometer on small vehicle. On the other hand, on big commercial vehicles, 52 paise more toll will have to be paid per kilometer.

Audi car became expensive

Audi company has made all its models of cars expensive. Buying a car of this company from September will have to pay more money. This increase will be 2.4 percent and these new prices will be effective from 20 September 2022.

Buying property became expensive

If you are planning to buy a property, now you will have to pay more money. The circuit rate of Ghaziabad has been increased. It has been increased by 4 to 2 percent. This new circle rate will be applicable from 1st September 2022.

There will be change in the price of LPG cylinder

There may be a change in the price of LPG on September 1. As cylinder prices change on 1st of every month. In such a situation, it is believed that on September 1, petroleum companies can revise the price of LPG cylinder. It is expected that the prices of LPG cylinders will come down in September.

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