According to the Central Board of Indirect Taxes and Customs (CBIC), businesspeople who are registered on the GST network portal in Punjab’s Bathinda must display their GST number at their premises in order to avoid a fine of up to Rs 50,000. The CBIC has ordered all businesspeople to rigorously adhere to the GST number display guideline and is conducting a campaign for GST verification through September 15.
The initiative attempts to improve GST collection by verifying each businessman’s registration with the GST. The GST department divided the district, which has roughly 14,000 businesses, into 9 wards. The owners of the businesses must write their GST number on the wall or main board of their establishments.
According to Assistance Excise and Taxation Commissioner (AETC) Kapil Jindal, businesses that fail to 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 him, a lot of businesspeople disregard this guideline, and some even cheat clients out of GST.
Owners of restaurants or dhabas with a yearly revenue of less 50 lakhs are categorised under the composite plan and are not permitted to collect GST. However, these tiny eateries and dhabas also impose a 5% GST on patrons.
The taxes agency will take a tough stance on this matter and will punish those who disobey. Officials are starting the effort by contacting business people who have claimed more input tax credits than sales. The officers’ ability to determine whether or not they have deposited the tax is aided by the display of the GST number.