Q. > Please Help: Audit

1144 views • Question added Oct 10, 2020 • Audit • By s k kapoor , West Delhi

Query:

Bogus input credit claimed. later reversed input and paid with interest. The purchase bill not reversed in the Financials. Knowingly the purchase bills not reversed and the balance sheet is signed by a practicing CA. There is no role of the institute to alert or penalize such practicing CA.

For the purpose of section 271AAD, the false entries to include use or intention to use:
a) Forged or falsified documents such as a false invoice or, in general, a false piece of documentary evidence;
b) Invoice in respect of supply or receipt of goods or services or both issued by the person or any other person without actual supply or receipt of such goods or services or both; or
c) Invoice in respect of supply or receipt of goods or services or both to or from a person who does not exist.