70 likes | 93 Views
All the businesses registered under GST are provided a unique identification number known as GST Identification Number or GSTIN. This number will be used to identify you as a registered taxpayer.<br>
E N D
All the businesses registered under GST are given a unique identification number known as GST Identification Number or GSTIN. It is same as the TIN number provided to businesses under the state VAT system or the service tax registration number assigned by the CBEC.
The Role of GSTIN • GSTIN is the unique GST identification number assigned to each registered taxpayer under GST. This number will be used to identify you as a registered taxpayer. It makes you eligible to perform various tax operations like return filing, refund claim on GST Portal, collecting tax from your customers and more.
The first two digits of GSTIN represent the state code for the particular taxpayer as per Indian Census 2011. Each state is given a unique two digit code under GST. • The next 10-digits will be the PAN number of the taxpayer.
The next digit (thirteenth digit) indicates the entity number of registration of a business (taxpayer) within a state for the same PAN. • The fourteenth digit will be always a ‘Z’. • The last digit will be a check code used to detect errors. It may be a number or an alphabet.