Overview of Display of GST Certificate of Registration
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Overview of Display of GST Certificate of Registration
GSTIN, short for Goods and Services Tax Identification Number is a special 15-digit identification number assigned to each taxpayer (mainly dealer or supplier or business entity) registered under the GST regime.
A State PAN-based 15-digit Goods and Services Taxpayer Identification Number is provided to each taxpayer under the GST regime (GSTIN).
Originally, a business is provided with a provisional ID on logging in to the portal and, within three months, the business must finish the registration process by giving details of the business.
The provisional ID is then transformed to GSTIN. Here is the GSTIN format breakdown:
The first two digits of the 15th digit GSTIN represent the state code.
The next Ten digits are the Permanent Account Number of the person or the business entity.
The thirteen digits are based on the No of registrations done by the firm within a state under the same Permanent Account Number card No.
The fourteen digits will be the alphabet “Z” by default
The last digit is called the check code to detect errors and can be denoted by either a number or an alphabet.
Nearly every single business owner is knowing that he or she will register the biz with GST and then demonstrate the GSTIN on the main entrance outside of the office. Yes!
There seem to be a lot of small things that Businesses ignore, and in this post, we discover several of the most crucial details.
All the items we are talking about today are probably small niceties, but they can bring real big trouble to your company!
Our GST Team Blogs Series viewer didn’t have to think about anything as we make sure you’re getting all the essential GST factual data before you get into the problem.
Is the GST number required to be shown onboard?
Basic Provisions under Rule 18 of the CGST Rules, 2017 relating to “Display of Registration Certificate & GSTIN on the Name Board”, are as below:
All enterprises with GST registration are allowed to show a copy of the GST registration certificate in a notable place of business. Lately, the Maharashtra State Tax Department issued a Commercial Circular with a GST Registration Certificate and a penalty for not demonstrating a GST Registration Certificate.
In this blog post, we shall examine in detail the methodology and the penalty for displaying the GST certificate of registration.
Central Goods and Services Tax (CGST) Rules 18:
Display of registration certificate and Goods and Services Tax Identification Number on the name board. As per Rule 18 of the Maharashtra GST, each registered person who has chosen for GST Registration under Maharashtra must display his or her registration number on his or her name on a prominent location at his or her principal place of business and at any additional place or place of business.
The taxpayer shall display the GST and GSTIN registrations at the following places as soon as the taxpayer registers under the GST:
“Place of Business”:
Under the GST Act, GST Taxpayers should show GST Certificate of Registration at the main place at the principal place of business & at any extra place of Company.
The GST Taxpayer shall therefore also demonstrate the GST registration certificate at the entrance or near the billing section in an office or shop.
For Common people, the place of business is the main place where most of the business activities are carried out by a business. However, this is not the case under the GST Guidance. As per the rules, every place where an activity related to your business is carried out is a place of business. Let’s know this with a couple of examples.
Many of the places that are also the place of business are If your goods are stored at a specific place, that particular location will be considered as a place of business.
If you’re a full-time/ part-time accountant and her/he edits your business documents at his/her home, even the home will be considered as a place of business.
If you store your goods with your Transporter for a specific time, that place will be considered as a place of business.
You should demonstrate the GST number outside your office at a location that is clear to every visitor. In addition, you must also exhibit the GST Registration Certificate at a prominent location in your place of business.
Board of Business Name:
The GSTIN of the company must be indicated in the name of the business board at the main gate. As per the GST Act,
“Each registered person shall demonstrate his or her Goods and Services Tax Identification Number on the name board displayed at the entrance of his or her principal place of business and at any additional place or place of business.”
3. Tax invoicing: In all the tax invoices issued by a person, the invoice should state the GST and GSTIN must indicate the name as well as address of the company along with the invoice.
Moreover, all GST tax invoices must be issued in accordance with the invoice format set out in the GST Rules.
GST Composition Taxable Person- Specific provisions on it:
People registered under the scheme of the composition of the GST shall have a different need to display the registration of the GST at the place of business as well as the GSTIN on the invoice.
Invoice issued by a taxable person: People registered under the GST composition scheme should issue a Supply Bill without having to mention IGST or SGST and CGST, as they are not qualified to collect GST from customers. In addition, the bill of supply must mention the words “Composition of a taxable person not eligible to collect tax on supplies” at the top of the picture.
Place of business: At the place of business of a registered member under the scheme of the composition of the GST, the supplier should demonstrate the words “Composition Taxable Person” on every notice or sign at a prominent place at the principal place of business and at any also next or place of business.
Board of Business Name: Composition dealers should mention the name “Composition Taxable Person” in the name board at the main gate of the business alongside GSTIN.
Section 2(85) – Some other important thing to take care of is that the GST number should be shown outside of all of these places of business. Not showing the GST number outside any of these locations will be subject to the same fine as in the case of the head office.
What are the implications of not showing GSTIN on board?
Penalty for non-displaying GST Registration Certificate
www.carajput.com; Penalty for not displaying GST certificate
Pursuant to Section 125 of the CGST Act, 2017, any person who contravenes any of the provisions of this Act or any of the rules laid down therein, for which no penalty is laid down separately in this Act, shall be liable for a penalty which may enhance to INR 25000.
This is a general penalty in accordance with the CGST Act. Since there is no specific penalty for this contravention this will be covered under the general penalty.
The penalty for issuing a completely inaccurate GST invoice or a false invoice has been fixed at Rs.10000.
Moreover, all companies opting for a composition scheme must show that they are not entitled to levy taxes on people. Failure to comply with the GST Registration Certificate may be penalized up to Rs. 50,000. (Rule 18)
People should therefore ensure that the actual business activity for a place of business is mentioned in the existing situation in your certificate of registration.
New Update on Display of PAN & GST No of Buyer & seller
In compliance with Section 139A(5)(c) of the Income Tax act all the sellers raising an invoice of INRs 200000 or more should display the 10 digit PAN number (of both vendor as well as a customer) on each such invoice as a separate field
This is with effect from 1st October 2021
In other words, in addition to the GST number, you have to separately display your as well as your customer’s PAN number
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