GST Verification - Check GST Number PowerPoint PPT Presentation

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Title: GST Verification - Check GST Number


1
Payment Gateways
Best GST Verification Of India
2
What is GSTIN?
  • GSTIN, short form for Goods and Services Tax
    Identification number, is a unique 15-digit
    number provided by the government to any
    registered person or business entities under the
    Goods and Services Tax (GST) regime. The GST
    Verification number is alloted to any GST
    taxpayer along with a GST registration
    certificate, which allows tracking of a
    particular taxpayer.

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Why is it necessary to verify the GST number?
  • Benefits of GST number verification using the
    Razorpay online GST Search tool are
  • Authenticity Verify the authenticity of the
    business or taxpayer under GST
  • Validity Check GSTIN number validity in real
    time, along with up-to-date details of the
    business
  • Invoice Verification Avoid generating incorrect
    invoices or e-invoices or verify GSTIN on a
    hand-written invoice
  • Tax Credit Claim input tax credit and pass tax
    credits to the right buyers
  • Transparency Business information transparency
    which eases filing of correct GST returns
  • Fraud Detection Avoid a GST number fraud at the
    origin of the transaction
  • Errors Check for errors in the GSTIN, if any

4
GST Identification Number Format
  • Before you do a GST number check, check out if
    the 15-digit GSTIN alphanumerical code is
    in the format below. If a GSTIN is not in this
    format, then it is not a valid GST number
  • First 2 number The state code of the registered
    person or business entity
  • Next 10 characters PAN of the registered
    proprietor
  • Next number Number of registrations in a state
    for the same PAN
  • Next character Alphabet Z by default
  • Last number Check code which may be alpha or
    digit, used for detection of errors

5
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