GSTIN Full Form – How to Verify and Search for Your Number
The Goods and Services Tax Identification Number (GSTIN) is a unique identification number assigned to every business registered under the Goods and Services Tax (GST) regime in India. It is a 15-digit alphanumeric code that helps in identifying the taxpayer and is used for various compliance and administrative purposes. The GSTIN is structured to provide details such as the state code, PAN of the taxpayer, entity code, and a GST number check digit for verification. Incorporate your GSTIN number when applying for a business loan at Lendingkart to streamline tax compliance and enhance the credibility of your business.
What is GSTIN ?
GSTIN, short for Goods and Services Tax Identification Number, is a unique 15-digit alphanumeric code assigned to every business registered under the Goods and Services Tax (GST) regime in India. It serves as an identification number for the taxpayer and is used for various tax-related purposes, including filing tax returns, claiming input tax credits, and generating invoices. The GSTIN is structured in a way that provides detailed information about the taxpayer, including the state code, PAN of the taxpayer, entity code, and a check digit for verification. This unique identifier has streamlined the taxation system, making it more efficient and transparent. The GST registration process is a crucial step for businesses to comply with the GST regime and obtain a GSTIN. Using your GSTIN number in working capital loan applications can facilitate faster processing and potential tax benefits.
Format and Structure of GSTIN
The Goods and Services Tax Identification Number (GSTIN) is a unique identifier assigned to businesses registered under the GST system in India. It follows a 15-digit alphanumeric format, with each part serving a specific purpose. The first two digits represent the state code as per the Indian Census 2011. The next ten digits are the PAN (Permanent Account Number) of the taxpayer. The thirteenth digit signifies the number of registrations an entity has within a state, while the fourteenth digit is typically “Z” by default. The fifteenth digit is a check code used for error detection. This structured format ensures that each GSTIN is unique and provides essential information about the taxpayer. For MSME loans, providing your GSTIN number can help in quick verification of your business operations and tax status.
Also Read: Goods and Services Tax in India
GST Number Example
An example of a GSTIN (Goods and Services Tax Identification Number) is “29ABCDE1234F1Z5”. In this example, “29” represents the state code for Karnataka, “ABCDE1234F” is the PAN (Permanent Account Number) of the taxpayer, “1” indicates the number of registrations the taxpayer has within the state, “Z” is a default character, and “5” is a check digit used for error detection. This example showcases the structured format of a GSTIN, which helps identify the state of registration, the taxpayer, and other relevant information required for tax compliance and administration under the GST regime. Include your GSTIN number when applying for a Mudra loan to demonstrate your business’s legitimacy and compliance with tax regulations.
Why do you need a GSTIN?
A GSTIN (Goods and Services Tax Identification Number) is essential for businesses operating under the GST regime in India for several reasons. Firstly, it is mandatory for businesses with a turnover exceeding the threshold limit to register for GST and obtain a GSTIN. The GSTIN number helps in identifying taxpayers and ensures compliance with the tax laws. It is required for filing GST returns, claiming input tax credits, and generating tax invoices. Additionally, the GSTIN facilitates transparency in the taxation system by providing a unique identifier for each taxpayer, making it easier for the government to track transactions and prevent tax evasion.
Also Read: Explore 2024 GST Rates – Comprehensive list & revisions
How to Apply for GSTIN?
To apply for a GSTIN (Goods and Services Tax Identification Number), follow these steps:
- Visit the GST portal: Go to the official GST portal at www.gst.gov.in.
- Click on ‘Register Now’: Under the ‘Taxpayers’ tab, click on ‘Register Now.’
- Select ‘New Registration‘: Choose ‘New Registration’ and fill in the required details such as your business name, PAN, email address, and mobile number.
- Receive OTP: You will receive an OTP (One Time Password) on your mobile and email. Enter the OTP to verify.
- Fill the application: Complete the GST registration application form with accurate information about your business, including business type, address, bank account details, and authorized signatory details.
- Upload documents: Upload the necessary documents such as PAN card, proof of business registration, identity, and address proof of the authorized signatory, and bank account details.
Submit application: After filling in all the details and uploading the documents
How to Verify and Check Status of GSTIN?
Verifying GST number and checking the status of a GSTIN (Goods and Services Tax Identification Number) you need to follow these steps:
- Visit the GST portal: Go to the official GST portal at www.gst.gov.in.
- Click on ‘Search Taxpayer’: Under the ‘Search’ tab, click on ‘Search Taxpayer.’
- Enter GSTIN or UIN: Enter the GSTIN or UIN (Unique Identification Number) of the taxpayer you want to verify the GST number.
- Click on ‘Search’: Click on the ‘Search’ button to proceed.
- View taxpayer details: If the GSTIN or UIN is valid, the details of the taxpayer, including the legal name of the business, state, and status of the registration, will be displayed.
- Verify details: Check the details displayed to verify the authenticity of the GSTIN or UIN.
- Check status: The status of the GSTIN or UIN will indicate whether it is active or inactive. If the status is active, it means that the GST registration is valid and active.
- Verify additional details: You can also verify additional details such as the date of registration, constitution of the taxpayer, and the taxpayer’s jurisdictional office.
- Download certificate: If required, you can download the GST registration certificate for further verification.
*Note: The availability of information may vary based on the taxpayer’s compliance with GST regulations and the data updated on the GST portal.
Benefits of Having GSTIN
Having a GSTIN (Goods and Services Tax Identification Number) can offer several benefits for businesses:
- Legal Requirement: It is mandatory for businesses registered under GST to have a GSTIN. Compliance with this requirement is necessary to avoid penalties and legal issues.
- Input Tax Credit (ITC): Having a GSTIN allows businesses to claim input tax credit on GST paid on purchases, which helps reduce the overall tax liability.
- Interstate Transactions: A GSTIN enables businesses to engage in interstate transactions without restrictions, as it serves as a unique identification number recognized across all states in India.
- Supplier Confidence: Having a GSTIN can enhance the credibility of a business in the eyes of suppliers, as it indicates compliance with tax regulations and facilitates smoother business transactions.
- Easier Compliance: With a GSTIN number, businesses can file GST returns and comply with other GST-related requirements easily through the online GST portal.
- Business Expansion: A GSTIN is often required for expanding business operations, opening new branches, or participating in certain government tenders or contracts.
- Avoiding Tax Evasion: GSTIN helps in ensuring transparency in transactions and reduces the chances of tax evasion, benefiting both the business and the economy.
- Access to Input Services: Some businesses, especially those in the services sector, can only avail input services if they have a GSTIN, making it essential for their operations.
Also Read: What is CGST, SGST and IGST?
Difference between GSTIN and GSTN
GSTIN (Goods and Services Tax Identification Number) and GSTN (Goods and Services Tax Network) are key components of India’s GST system but serve different purposes.
| Aspect | GSTIN | GSTN |
| Definition | Unique 15-digit identifier for GST taxpayers | IT infrastructure for managing GST processes |
| Purpose | Identifies taxpayers | Facilitates GST processes such as registration and filing |
| Scope | Specific to individual taxpayers | Encompasses the entire technological backbone of GST system |
| Functionality | Identifies taxpayers for compliance | Manages registration, return filing, and payment processes |
| Relationship | Assigned to each taxpayer | Connects taxpayers with tax authorities for compliance |
Frequently Asked Questions
To file a complaint regarding a forged GSTIN, you should contact the GST helpdesk or the relevant tax authorities in your state. Provide them with details of the forged GSTIN and any supporting evidence you have.
Once you’ve obtained your GSTIN, you should ensure that it is prominently displayed on all your invoices and correspondence. You should also start filing your GST returns regularly and comply with all other GST regulations.
Yes, there is a fee associated with obtaining a GSTIN. The fee varies depending on the nature of your business and the state in which you are registered. You can check the GST portal for the current fee structure.
To get a 15-digit GST number, you need to register your business under the GST regime. You can do this online through the GST portal by filling out the registration form and providing the required documents. Once your application is approved, you will be issued a 15-digit GSTIN.
NOTE: No processing fees are being charged by Lendingkart before disbursement of the loan amount. Any individual claiming otherwise must not be entertained. Please report such activity on 