GSTIN full form GSTIN meaning | GSTIN meaning

 GSTIN full form

GSTIN full form and meaning | GSTIN meaning 

GSTIN full form:- Goods and Services Tax Identification Number 

GSTIN full form is Goods and Services Tax Identification Number or GST Identification Number, which is a unique 15 digit alphanumeric code used to identify business registered under Goods and Services Tax (GST).

GST Number replaces earlier taxpayer-identification systems such as the TIN (Tax Identification Number) which was used by state taxation authorities to track state tax records such as VAT. Businesses that were registered under older systems like TIN were automatically migrated to the GSTIN system and received their new GST number automatically. On the other hand, those making fresh GST registration would receive a new GSTIN once their registration has been completed and approved. As per current GST rules, all GST registered businesses are required to print the GSTIN on all GST Invoices that they provide to customers.

Every GSTIN number has state code, permanent account number (PAN), number of registration within a state, default alphabet, checking code. 

Here is a format break-down of the GSTIN:-

The first two digits represent the state code as per the Indian census 2011. Every state has a unique code. For instance,

23AAAAA0000A1Z5

23 is state code.
The next 10 digits will be a PAN number is the taxpayer.
The thirteenth digit will be assigned based on the number of registration within a sate.

The fourteenth digit will be Z by default.

The last digit will be for check code. it may be alphabet or number. 

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