The Goods and Services Tax (GST) system was introduced in India in 2017 to act as a single taxation system and promote transparency and efficiency in the tax system. Often GST bills are used to settle claims and file for income tax credits. As a customer, it is important to verify the authenticity of the GST bill to ensure that you are not being cheated.
A fake GST bill is generated without actual supply of goods or services or payment of GST. It is very easy to do a quick check to find out the authenticity of a GST bill. Let us see how we can verify the authenticity of a GST bill.
The first step to verify the authenticity of the GST bill is to check the GSTIN (Goods and Services Tax Identification Number) of the supplier. Every goods or service supplier is allotted a unique 15-digit GSTIN, which consists of the state code, PAN and a unique registration number. If the GSTIN is valid, these details – type of taxpayer, registration date, registration place (state), legal name and trade name of the business, UIN, or GSTIN status – will be displayed on the GST portal.
check challan number
The next task is to verify the invoice number and date mentioned in the GST bill. The invoice number must be unique and consecutive, and the invoice date must fall within the specified timeframe.
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Check invoice value and tax amount
The correct invoice value and tax amount is mentioned in the GST bill. The tax applicable on the particular invoice can be calculated based on the appropriate GST rate, which can be cross-checked and calculated through the GST calculator available on the GST website.
Verify supplier’s signature
The GST bill will contain the signature of the supplier or his authorized representative. The signature seen on the bill should match the signature available with the GST authorities.
Check Tax Payment Status
The customer can also verify the tax payment status of the supplier on the GST portal. If the supplier has paid tax against the invoice, it will be displayed on the GST return filed on the portal.
So, keep these things in mind and always make sure that you are not being taken advantage of as a customer. If you find any fake GST bill, make sure to report it through the GST portal or the toll-free number given there.