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TMI BlogParticulars to be displayed on the Board and Penalty provisions for non-compliance.X X X X Extracts X X X X X X X X Extracts X X X X ..... t: 25-09-2017 Trade Circular 43 T of 2017 Sub:- Particulars to be displayed on the Board and Penalty provisions for non-compliance. The Maharashtra Goods and Service Tax Act, 2017 came into effect from 1st July, 2017. As per the provisions of this Act, the Goods and Service Tax Identification Number (hereinafter, referred to as GSTIN) has been allotted to the persons who has applied for registr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red person shall display his certificate of registration in a prominent location at his principal place of business and that every additional place or places of business. * Every registered person shall display his Goods and Services Tax Identification Number on the name board exhibited at the entry of his principal place of business and at every additional place or places of business. 3. Expec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osition taxable person not eligible to collect tax on supplies" at the top of the bill of supply issued by him. b) Also, as per Rule 5(1) (g) of the Maharashtra Goods and Service Tax 2017, he shall mention the words "Composition Taxable Person" on every notice or sign board display at a prominent location at his principal place of business and at every additional place or places of business. Need ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nalty of ₹ 10,000/- and therefore, non-compliance of Rule 5 (1)(f) shall invite the aforesaid penalty. 2) Section 125 of the Maharashtra Goods and Service Tax Act, 2017, prescribes a general penalty for contravention of any of the provisions of the Act or the Rules made thereunder. Therefore, a registered taxable person who does not follow the provisions contained in Rule 1 8 and Rules will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is against the provision of the Act and not following the provisions will attract penalty u/s 122(1)(i) of the MGST Act, 2017. It is also to be noted that any deviation from the provisions will be taken seriously. 8. This circular cannot be made use for legal interpretation of provisions of law, as it is clarificatory in nature. If any member of the trade has any doubt, he may refer the matter ..... X X X X Extracts X X X X X X X X Extracts X X X X
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