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What if someone uses my GST number?
If any person finds that his/her PAN (Permanent Account Number) has been misused, he/she can register a complaint on the GST portal and report the GSTIN which is fraudulently obtained using the PAN.
According to the GST Act, “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.”
What is the punishment for not paying GST?
An offender not paying tax or making short payments must pay a penalty of 10\% of the tax amount due subject to a minimum of Rs. 10,000. Consider — in case tax has not been paid or a short payment is made, a minimum penalty of Rs 10,000 has to be paid. The maximum penalty is 10\% of the tax unpaid.
Do manufacturers pay GST?
GST and Manufacturers Under the previous tax regime, manufacturers were required to pay around 25\%-26\% more due to the cascading tax effect. GST has eliminated this ‘tax-on-tax’ regime, enabling manufacturers to pay a single, unified tax. This means that a large number of goods have got cheaper, leading to more sales.
What happens if someone does not pay GST?
How to search GST number by name?
Search GST Number by Name. You know that you can find GST number of any business or organization by simply typing the name of the company or with initial letters of the organization. • Type at least 10 characters to find relevant GST Number information.
What if my supplier does not provide their GST/HST account number?
When your supplier does not provide their GST/HST account number, call the Canada Revenue Agency’s Business enquiries line at 1-800-959-5525 to confirm it is registered. This is a supplier’s legal, operating, or trading name, displayed on an invoice or posted on a sign at the place of business.
What is GST and how does it affect your business?
When your business buys products or services from GST-registered vendors, you pay tax on the purchase price. Your company then uses those supplies to do business. When you go to sell your own products or services, you must charge GST to your customers.
Do I have to pay GST when I buy a phone?
You have to pay GST when you buy a phone. It does not matter if you have GST number or not. But when you given your GST number at the time of buying phone, you will get the GST paid into your GST account as ITC. You can use that ITC when you sell any goods or services.