Should GST number be displayed?

All registered taxpayers under GST are required to display the GST registration certificate prominently at their place of business. He is also required to display GSTIN on its name board at its principal place of business and additional place of business as mentioned in its registration certificate.

Is GST number compulsory for restaurant?

Restaurants, like most businesses with a turnover of more than Rs. 20 lakh, will require GST Registration in most states. Restaurants in special category states will require GST registration if the annual aggregate turnover crosses Rs. 10 lakhs.

Do consultants need a GST number?

It is widely known that freelancers are required to obtain GST registration and pay 18 per cent Goods and Services Tax for any income earned from these services. This is implemented to those who earn an income that exceeds the threshold of INR 20 Lakhs. Know more about GST turnover limit.

Is GST number compulsory for online selling?

Mandatory GST Registration for Online Sellers As an e-commerce business owner, this threshold doesn’t apply to you. Under GST, all online sellers must register and pay GST. This means that even if you only bring in Rs 1 lakh, you must go online and get a GSTIN.

What is the penalty for not registered under GST?

Any taxable individual who fails to register under GST even if they are legally bound as per the GST Act needs to pay a penalty of INR 10,000 or the amount of tax evaded whichever is higher according to section 122 of CGST Act.

Is GST applicable on takeaway food?

From January 1, food delivery apps will have to collect and deposit 5 per cent GST with the government, in place of restaurants, for deliveries made by the platforms.

Can we claim GST on restaurant bills?

No ITC on restaurants 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5\% GST but cannot enjoy any ITC on the inputs. However, restaurants as part of hotels with room tariffs exceeding Rs. 7,500 still continue to pay 18\% GST and enjoy ITC.

Do you need a GST number if you are self-employed?

If you’re self-employed and your total revenue from the sale of taxable goods and services is over $30,000 ($50,000 for public service bodies) in a calendar quarter or in any four previous calendar quarters, you must register for a GST/HST number.

Do I need to register for GST if I am a contractor?

As a contractor, you have to register for GST if your GST turnover is at or above the GST turnover threshold of $75,000 (exclusive of GST) and $150,000 (exclusive of GST) or more for non-profit organisations.

How can I sell without a GST number?

Which products can sell online without the GST number?

1. Ebay. Ebay is the only online giant which ropes many sellers on board without any registration you can start selling by simply creating an account on Ebay and PaisaPay (eBay’s payment service) account.
2. Infibeam.
3. CraftsVilla.
4. Fleaffair.
5. Kraftly.

Do we need GST to sell on Instagram?

So, GST registration is required by all the people selling their goods through their social media networks. This exemption is provided only to those persons, who are just providing services & sell no goods to their customers whatsoever.

How to check if a person is GST registered or not?

“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,” a tax official said.

What is the penalty for not having GST number on signboard?

Notice can be issued if the GSTIN No is not mentioned on Signboard and on Front door of Business primses U/s 125 of CGST Act 2017 and the penalty under this Section can be upto 25,000/-. Yes, it is mandatory in terms of Rule 18 and if not complied, the officer can impose a penalty upto Rs. 25,000/-

Is gstin number required to be displayed on name board?

Ruling to Display GSTIN On Name Board For Dealers registered under Composition Scheme In addition to the above, it is also mandatory for Composition dealers to display ” Composition taxable person” along with the GSTIN Number. As per the GST Law, composition dealer is not eligible to collect tax from their customers.

Are composition dealers required to display gstin and registration certificate?

The traders are required to display their GSTINs and registration certificates on their premises to make it easy for the authorities concerned to ascertain if they are registered. Similarly, composition dealers are supposed to mention along with the registration certificate that they are not entitled to collect tax from taxpayers.