The indirect taxes of India have been revolutionized but let us admit that even while dealing in GST, things do not at all seem crystal clear. Common queries that keep coming at Startupflora are such as, what is a GST number and what does it mean?
Not a problem, dear reader! Think of us as your friendly guides for GST when it comes to decoding that mystery. Think of us like your aid toward making the complexities simple and letting you have all the powers at your command!
What exactly is the GST Number?
Actually, the GST number is an exclusive 15-digit identification number given to every business which gets itself registered under the GST. It kind of like is your identity in the world of GST business.
Now, this format of GST numbers can be termed as the jigsaw puzzle, whereby different pieces like:
State Code (First 2 digits): It is the state where your business has been registered. For example, the GST state code for West Bengal is 19, and for Delhi it is 07.
PAN Number (Next 10 Digits): Permanent Account Number is your business's number and links your GST registration with your income tax records.
Entity Code (13th Digit): This depicts the values of registrations in the same PAN in a particular state. It starts from 1 and increases with every registration.
Default Letter (14th Digit): This is always "Z" by default.
Checksum Digit (15th Digit): This is the checksum digit. This is an error detector. The checksum digit is calculated from the remaining 14 digits.
How to Decode a GST Number: A Case in Point
Let's take a GST number example to understand how it works: 22AAAAA0000A1Z5
22: State code. This indicates Himachal Pradesh
AAAAA0000A: PAN number of the business
1: Entity code. That shows the number one registration under that PAN in Himachal Pradesh
Z: Default letter
5: Checksum digit
Why your GST Number Matters
Your GST number is necessary to perform all types of GST activities like
GST returns filing,
Input tax credit claim,
GST payment,
Interstate transactions, and
Compliances with GST rules.
How to Get your GST Number
If ever you wondered how to know your GST number, then here are a couple of ways:
GST Certificate: GST registration certificate issued by the website includes your GSTIN.
GST Portal: You log in to your dashboard in the GST portal where you will see your GSTIN.
Invoice: You must be seeing it on every invoice.
Startupflora: GST Guide
We are well conversant with the fact that GST is a very complex thing. For this very reason, Startupflora provides all-around support to businesses in the following two fields:
Registration under GST: We will give you complete support throughout all the registration procedure and ensure that you have a valid GST number.
Filing GST Return: We can provide you with an accurate filling of GST returns on time.
GST Compliance: We keep you updated with GST guidelines and make sure your business will always remain compliant.
Always remember it is Equally important to gain knowledge of the GST number. For any query or GST compliance, we at Startupflora would be more than glad to help.
We look forward to enabling businesses like yours with the knowledge and resources needed to thrive in the new GST world.
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