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Goods & Service Tax (GST) has been introduced in year 2017. In This system every taxpayer get a unique number called Goods & Service Tax Identification Number (GSTIN). We have decoded this GSTIN for you. GST system is under Central Bord of Indirect Taxes & Customs (CBITC). GSTIN number comprises 15 alpha numeric digits grouped in 5 parts. This 5 parts have their own significance. The detailed analysis given below:
- Group 1
This contains 2 numeric digits signifies the state in which GST taxpayer is registered. Every state has its own code.
- Group 2
This contains 10 alpha numeric digit same as the PAN number of registered entity for domestic entities. While International entities has the 2 digit year, 3 digit country code & 5 digit serial number.
- Group 3
This contains single digit signifying the number of this entity registered under same PAN.
- Group 4
This contains single digit alpha numeric code signifies meaning as below:
Z , 1 to 9, A, B, E to J – Default Normal, Composition or Casual Domestic entity
S – Input Service Distributor
C – Tax Collector
D – Tax Deductor
F- Foreign Non Resident
N – UN Bodies, Embassies & Other
R – Tax Return Perpetrator
M – Temporary ID
- Group 5
This contains single checksum digit of all 14 preceding digits.
Now you have the significance of GSTIN. Users can search GST Number, details & its status by their own, the link is given in resources section. To know more about GST go through resources below.