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of <h1>CBIC Directs Composition Taxable Persons to Display Compliance Notices as Per Rule 5 of CGST Rules 2017.</h1> The circular issued by the Central Board of Indirect Taxes & Customs (CBIC) advises composition taxable persons to adhere to specific requirements under Rule 5 of the CGST Rules, 2017. They must clearly print 'COMPOSITION TAXABLE PERSON, NOT ELIGIBLE TO COLLECT TAX ON SUPPLIES' on all bills of supply and display similar notices prominently at their business locations. Non-compliance may lead to penalties or prosecution under GST law. Trade associations and GST assessees are urged to inform their members to ensure compliance. This directive is approved by the Principal Commissioner and communicated by the Additional Commissioner (Tech), CGST, Delhi South.
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