Posts

Showing posts from June, 2020

what is GSTIN number and how to get it ?

Image
what is GSTIN? The Goods and Service Tax (GST) was launched in India in July 2017 to simplify the nation's existing tax structure. The aim was to bring multiple existing taxes such as VAT, service tax and excise duty, among others under a single taxation scheme. This prompted the business entities to register under the GST system to obtain a unique GST identification number. In this new regime, around 8 million taxpayers migrated to GST from various tax platforms.    what is  GSTIN number and how to get it ? Structure of a GSTIN   what is  GSTIN number and how to get it ? Every taxpayer is assigned with a state-wise PAN-based Goods and Service Tax Identification Number. A GSTIN will include – First two digits reflect your state code as per the India Census of 2011. The following ten figures represent the taxpayer’s PAN number. The 13th digit denotes the number of registrations in a state. The 14th digit is Z by default. The final digit is