BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//The Chamber of Tax Consultants - ECPv4.8.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:The Chamber of Tax Consultants
X-ORIGINAL-URL:https://ctconline.info
X-WR-CALDESC:Events for The Chamber of Tax Consultants
BEGIN:VEVENT
DTSTART;TZID=UTC+0:20231016T174500
DTEND;TZID=UTC+0:20231016T200000
DTSTAMP:20260503T130309
CREATED:20231012T111713Z
LAST-MODIFIED:20231013T053513Z
UID:9046-1697478300-1697486400@ctconline.info
SUMMARY:Panel Discussion on the Implications of Fake Invoicing under GST and Income Tax [Webinar on Virtual Mode]
DESCRIPTION:In Collaboration with \n \nDear Member\,\n  \n\nThroughout history\, businesses have thrived\, but unfortunately\, so have malpractices. These malpractices have prompted the government to enact countermeasures. However\, ingenious tactics are often employed to circumvent these countermeasures\, creating a never-ending cycle. \nOne such menace that has plagued businesses and posed challenges for both Income Tax and GST departments is the scourge of Fake Invoicing. Fake invoicing is a tactic commonly used to minimize tax liabilities – To which neither The Chamber of Tax Consultants nor Taxmann supports or endorses such illicit activities. \nIn response\, revenue authorities have taken proactive steps\, including issuing Standard Operating Procedures\, circulars\, guidelines\, amending statutes\, introducing e-invoicing and E-way bills\, employing innovative arguments in legal cases\, imposing penalties\, and invoking prosecution\, among other strategies. \nIt’s essential to remember that the consequences aren’t limited to those who issue fake invoices; even those who receive them face equally serious repercussions. \nTo shed light on the complex issue of fake invoicing and to make people aware of its severe consequences\, The Chamber of Tax Consultants\, in collaboration with Taxmann\, presents an extraordinary and exclusive webinar. Our panel of experts will delve into the intricate implications of fake invoicing under both GST and Income Tax laws. \nThe webinar would be providing a 360 degree perspective from Income Tax and GST related provisions\, issues etc\, including the following:\n  \n\n\n\nGST\nIncome Tax\n\n\n\n\nWhether the SOPs issued on fake guidelines are exhaustive and the actions beyond the SOPs are invalid\nWhether the same warrants reversal of ITC for the relevant or any other transaction\nWhether the same can lead to cancellation of registration\nWhether the valuation in such cases can be considered as a benchmark for other transactions\nWhether can prosecution be invoked\nPenal action on those involved in such transactions\n\n\n  \n\n\n  \n\n\n  \n\n\n\n\nWhether can it lead to disallowance of expenses u/s 69C\nWhether fake invoicing can lead to rejection of books of accounts and invocation of Sec 144?\nWhether an instance of fake invoicing can be extrapolated to other period?\nWhether presumption can be made of other data to be untrue if some instances of fake invoicing found?\nWhether fake invoicing can form a reason for reopening/revision/search/seizure on the assessee or any other connected person\nWhether the same can be a ground leading to invocation of prosecution  u/s 276C\nWhether penalty for false entry u/s 271AAD be invoked.\nWhether it amounts to false statement in verification etc. in ITR u/s 277 ?\nWhether it amounts to falsification of books of accounts or document u/s 277 A ?\nConsequences on consultants and parties who are involved\nConsequences u/s 95 of Chapter XA of the Act.\nConsequences of Money Laundering Act\nConsequences under Indian Penal Code\n\n\n\n\n\n \nJoin us for this enlightening webinar as we unravel the complexities surrounding fake invoicing and work collectively to combat this harmful practice. Here are the details of the upcoming event:\n  \n\n\n\nPanelists\nModerators\n\n\n  \nAdv. K. Vaitheeswaran\n\n\nCA Yogesh Thar\n \n\nCA Rajiv Luthia\n \n\nCA Mahendra Sanghvi\n\n\n\n  \n\n\n\nDay & Date\n Monday\, 16th October\, 2023\n\n\n Time\n 5.45 pm – 8.00 pm\n\n\n Topic\n Panel Discussion on the Implications of fake   invoicing under GST and Income Tax\n\n\n Register Here\n CLICK HERE\n\n\n\nLooking forward to your active participation. \n\nFor further information\, please visit Chamber’s website www.ctconline.org or kindly contact Mr. Hitesh Shah on 9821889249 / events@ctconline.org \n
URL:https://ctconline.info/event/panel-discussion-on-the-implications-of-fake-invoicing-under-gst-and-income-tax-webinar-on-virtual-mode/
END:VEVENT
END:VCALENDAR