Excise officials inspect invoices issued by traders
In a move to enhance tax compliance and ensure transparency, the Ludhiana division of the Excise and Taxation Department, led by Deputy Commissioner, State Tax, Randhir Kaur, has initiated a rigorous inspection of invoices issued by traders to consumers across various sectors in lieu of the coming festive season.
“The department is focusing on verifying whether businesses are adhering to regulatory guidelines concerning invoicing, tax collection and reporting,” Kaur said.
She said these checks were part of an ongoing effort to prevent tax evasion and to ensure that correct amount of taxes were being collected and remitted to the government.
The checking drive included the review of invoices to verify the inclusion of necessary details such as the GSTIN, correct tax rates and accurate customer billing information. Additionally, the department will ensure that businesses issue receipts to consumers for all transactions, as mandated by law.
“Businesses found in violation of these rules, such as failure to issue proper invoices, under-reporting sales or incorrect tax calculation, may face penalties under relevant tax regulations, as the sensitisation drive continues,” officials warned.
They said the department encourages all businesses to maintain proper documentation and records of their transactions to avoid any discrepancies during the checks.
