The Goods and Services Tax (GST) is very important to the Indian tax system. Every business registering for GST receives a unique GST number. This blog talks about what the GST number means, how to check your GST number, and how to use the GST Portal for verification and other purposes.
What is GSTIN?
The full form of GSTIN is the Goods and Services Tax Identification Number. The GST regime assigns a unique 15-digit identification number to every registered taxpayer. Businesses must have this GSTIN number in order to file returns, adhere to tax laws, and maintain transparency.
Breakdown of the GSTIN Number
Each of the 15 characters that make up the GST number has a unique meaning:
- The first two digits represent the state code.
- The next ten characters specify the taxpayer’s PAN.
- The 13th digit defines the entity number.
- The 14th character is “Z” by default.
- The last digit serves as a check code to identify mistakes.
Importance of GSTIN for Businesses
- Businesses with annual turnover exceeding a specific threshold are required to have a GSTIN.
- It is required to submit tax invoices, obtain input tax credit, as well as file GST returns.
- The GSTIN number also serves as evidence of a business’s legitimacy, allowing it to operate within a legal framework.
How to Check GST Number and Verify Details
The government has made it simple to verify a GST number or perform a GST number check by providing the GST portal. You can use the GST number search tools or verify GST number in the following ways:
- Visit the GST Portal: Look for the “GST Number Verification” option by visiting gst.gov.in.
- Enter the GSTIN: Enter the GST number using the GSTIN search feature.
- Verify the GST Number: After you enter the number, the portal will provide details about the company you registered under it.
- GST Status Check Online: You may also use the portal to verify the status of your GST registration by choosing GST Status Check.
Businesses can use this user-friendly GST verification process to confirm the authenticity of their suppliers and partners.
How to Perform a GSTIN Search
By accessing the gst.gov.in login page, you can perform a GSTIN search or GST number search. After the login process:
- Select the GSTIN search option.
- Enter the registration number or GST number of the business.
- Perform GST number validation and search GST numbers by name if required.
It is also possible to execute a GST no check by viewing the GST number list, which is accessible on the portal.
GST Status Check and Other Tools on GST Portal
Businesses often need a GST status check or GST check to make sure that their registration is active. The GST portal commonly offers the following tools and features:
- GST no search: This assists in locating the GST no. of any business, either by name or PAN.
- Number finder or number lookup: Use the number names feature to easily find GSTINs.
- GST status check online: Helps businesses track their GST registration status.
In addition to enabling businesses to track their own GSTIN, these tools also allow them to confirm the GST registration status of others.
Steps to Search GST Number by Name
To search GST numbers by name:
- Login to the GST portal.
- Navigate to the GST number search section.
- Enter the name of the business, and the system will perform a number lookup or number finder to display relevant results.
The Importance of GST Verification and Validation
It is important for businesses to verify their GSTIN to prevent fraud or deals with unregistered entities. Businesses should consistently validate the legitimacy of their trading companions by utilizing the GST number verification feature on the gst.gov.in website prior to engaging in any transaction. The GST number validation ensures that you are conducting business with a genuine taxpayer.
Summary
In India, the GSTIN number is essential for the taxation system. Enabling seamless tax filings and verifying the authenticity of businesses are both essential for compliance and their efficient operation. Businesses should regularly use the GST portal to confirm their GST number, check their GST number, as well as track their GST status.
In conclusion, businesses can uphold transparency and comply with the legal framework of the GST regime by utilizing the GST portal to perform a variety of tasks, including GSTIN search, GST status check online, and search GST number by name.
Understanding GST Number and its Verification Process: FAQs
The Goods and Services Tax Identification Number (GSTIN) is a unique 15-digit number that each taxpayer who has registered for GST receives.
You can confirm a GST number by using the GST number verification feature on the gst.gov.in website.
A state code, a PAN, an organization code, a check digit, and the letter “Z” make up the 15 characters that make up the GST number.
Go to the GST portal, fill in the GSTIN in the GSTIN Search or GST Check section, and see the information.
In order to file taxes, issue invoices, and make claims for input tax credits, a GSTIN is necessary.
Use the online GST status check option on the gst.gov.in website for tracking your registration status.
Yes, you can use the GST Number Search tool on the portal to search by name or PAN.
You can be confident you are working with a legitimate, registered taxpayer by validating a GST number.