Ludhiana\u00a0 ( Gurvinder sidhu)
\nIn a move to enhance tax compliance and ensure transparency, the Ludhiana Division of Excise & Taxation Department led by Deputy Commissioner Randhir Kaur has initiated a rigorous inspection of invoices issued by businesses to consumers (B2C) across various sectors in lieu of the coming festive season.<\/p>\n
The department is focusing on verifying whether businesses are adhering to the regulatory guidelines concerning invoicing, tax collection, and reporting.<\/p>\n
These checks are part of an ongoing effort to prevent tax evasion and to ensure that the correct amount of taxes are being collected and remitted to the government. The checking drive includes 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.<\/p>\n
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 the relevant tax
\nregulations, as the sensitisation drive continues.
\nThe department encourages all businesses to maintain proper documentation and records of their transactions to avoid any discrepancies during the checks.<\/p>\n
Shinee Singh ACST, Ludhiana-2 and 3 visited the market pockets of the city ; Ghumar Mandi, Dugri, Bustand market, Jawahar Camp etc and requested the consumers to demand proper invoices for their purchases, as this not only ensures transparency but also contributes to the nation\u2019s revenue stream, enabling better public services and infrastructure development.<\/p>\n
Consumers can upload their invoices on the \u2018BILL LIYAO INAM PAYO\u2019 App. Under this scheme they can get the Cash rewards every month. This is a significant step by the Government of Punjab to promote and encourage the demand of invoices by Consumers.
\nRandhir Kaur, Deputy Commissioner State Tax, Ludhiana Division, Ludhiana said, \u201cThe Excise & Taxation Department remains committed to promoting fair business practices and safeguarding the interests of both consumers and the government. We thank businesses for their cooperation and urge them to continue complying with all relevant tax laws”.<\/p>\n","protected":false},"excerpt":{"rendered":"