With a view to curb tax evasion after the rollout of Goods and Services Tax (GST) laws, the Maharashtra State Government has initiated penal proceedings against the traders for non-compliance with the legal provisions mandating display of Goods and Services Tax Identification Number (GSTIN).
The Goods and Services Taxpayer Identification Number (GSTIN) is a 15-digit number which taxpayers get after registering with the GST network portal.
“The GSTIN should be prominently displayed in bold letters so as to be easily visible to visitors especially to the customers/vendees”, a trade circular issued by the Government on Monday said.
As per the new indirect tax regime, every taxable person is required to display his GSTIN number on name board or sign board of business and is also required to display his registration certificate in business premises so that a citizen can easily find out whether a person is registered or not.
The composition dealer is also required to mention in the business premises along with registration certificate that he is not entitled to collect tax from taxpayers. Such persons shall mention the words “Composition Taxable Person not eligible to collect tax on supplies” at the top of the Bill of Supply issued by him.
Read the full text of the Circular below.
