Businesses in Bathinda, Punjab, that are registered on the GST network portal are required to show their GST numbers at their locations in order to avoid a punishment of up to Rs 50,000, according to the Central Board of Indirect Taxes and Customs (CBIC). The CBIC is running a campaign for GST verification through September 15 and has directed all entrepreneurs to strictly abide by the GST number display directive.
The initiative checks each businessman’s GST registration in an effort to increase GST revenue. The district, which contains about 14,000 firms, was divided into 9 wards by the GST department. The main board or wall of the firm must have the proprietors’ GST numbers written on it.
Businesses that don’t display their GST number are subject to a fine of Rs 50,000 (Rs 25,000 from the state government and Rs 25,000 from the federal government), according to Assistance Excise and Taxation Commissioner (AETC) Kapil Jindal. He claims that many businesspeople disobey this rule and that some even defraud customers of GST.
Owners of restaurants or dhabas classified under the composite plan and not allowed to collect GST are those with annual revenues of less than 50 lakhs. But customers of these tiny restaurants and dhabas are also subject to a 5% GST.
The tax authority will adopt a strict stance in this case and penalize those who violate. Those who have claimed more input tax credits than sales are being contacted first by officials. The display of the GST number assists the officers in determining whether or not they have deposited the tax.