Namaste!

Almost every business owner is aware of getting the Business registered with GST and then displaying the GSTIN on the main gate outside of the Office.

Are you supposed to do anything more than that?

Well, the answer is Yes!

There are a lot of small things which are overlooked by Businesses, and in this post, we uncover some of the most important points.

All of the things we discuss today are actually small formalities but can bring real massive troubles for your Business!

But every Subscriber of the GST DOST Email Series won't have to worry about anything as we make sure you are aware of all important GST Facts before you run into an issue.

Before I talk about some other interesting rules, let's understand the most basic of all.

You are supposed to display the GST number outside of your Office at a place that is clear to every visitor. Along with that, you must also display the GST Registration Certificate at the prominent place on your Business's premises.

 Read Rule 18 – Click the Link 

Besides that, all Businesses, opting for the composition scheme must display that they are not entitled to collect taxes from people.

What if I am not doing it?

Non-compliance in case of displaying GST Registration Certificate can be penalised up to Rs. 50,000.

 Section 125 – Click the link to know the penalty 

What all should I take care of?

Now that you are all clear about the most basic thing, let's discuss some related things to keep in mind.

Place of Business

For a layman, the place of Business is the main place where a company partakes most of the Business activities.

But this is not the case according to GST Guidelines. As per the rules, every place where an activity related to your Business is conducted is a place of Business.

Let's understand this with a few examples. Some of the places which are also a place of Business are:

• If your goods are stored at a particular location, that specific place will be considered a Place of Business.
• If you have a part-time/full-time accountant and he/she edits the documents of your Business at his/her Home, even the Home will be considered a place of Business.
• If you store your Goods for a particular time with your Transporter, that place will be considered as a Place of Business.

 Section 2(85) – Click the Link 

Another vital thing to take care of is that the GST number should be displayed outside of all these Places of Business. Not displaying the GST number outside any one of these places will invite the same fine as in the case of the main Office.

• You must also make sure to mention the exact business activity for a Place of Business as it is in the actual scenario in your Registration Certificate. A small mistake in this category can snowball into a big problem in the Future.

How is ADVAIT linked to all this?

The Govt. will be using ADVAIT – Tax 360^o at every stage of your business and is working to implement it quickly.

Here is a Pro-tip that can protect you from issues!

Make sure to link the Aadhar number in the GST portal of your Business. This Aadhar number should be of the business owner.

Also, make sure that a phone number is Registered with the Aadhar number you are linking in the portal.

Linking an Aadhar number of anyone other than the Business owner or linking an Aadhar number that does not have a linked Phone number will invite problems because of the automated systems used by the Govt. including ADVAIT!

Doing all these tasks will hardly take a few minutes or hours of your time, but they will help you avoid some very Big GST problems in the future.

Confused about whether you are following all GST Guidelines?

Wondering how to improve the processes in your Company and make them compliant with GST?

Contact GST DOST to know how we can help you automate all your business processes and streamline them to generate more revenue, all while being Fully Compliant with GST!!!

Important Annoucement

Are you ready for it?

If not, Contact GST DOST, and we will help you set up every Business process in your Company as per E-invoicing compliance rules and help automate the complete process, so your Business runs just like the usual times!

We ensure that we will help you build a Foolproof system in your company that will protect you from all GST related Issues and that too on Auto-pilot!!! To get the solution, contact us at 

T: 9088883000

E: support@gstdost.com

www.askdost.com