GSTIN is a unique 15-digit alphanumeric code that is issued to every Firm/Company/Individual, who is enrolled under GST.

The government has assured that everything within GST is digital so that there is maximum transparency with less corruption.

The first 2 digits of the GSTIN mean the state code which is issued according to the 2011 census.

The next 10 digits are the PAN number of the entity.

The 14th digit is Z by default.

The 15th or the last digit is the Checksum digit. It comes, naturally, because of the figure of the calculation of the other 14 digits.

GST Registration Process on the Government Portal

Follow these steps to register for GST on the official portal:

1. Visit the GST portal and select the Registration tab.
2. Complete Part-A of Form GST REG-01 by providing your PAN, email ID, mobile number, and state.
3. Verify via OTP to receive a temporary reference number.
4. Fill Part-B of Form GST REG-01, sign using DSC or EVC, and upload required documents as per your business type.
5. Upon approval, you’ll receive an acknowledgment in Form GST REG-02.
6. If additional information is required, you’ll be notified via Form GST REG-03 and must respond within 7 days using Form GST REG-04.
7. Applications with errors may be rejected in Form GST REG-05.
8. Once verified, you’ll receive your GST registration certificate in Form GST REG-06.

Complete the process carefully to ensure smooth approval!

 Benefits of GST Registration

1. Unified Tax System
   GST replaced multiple indirect taxes like excise, service tax, and VAT, simplifying the tax structure under a single system.
2. Cost Savings
   Eliminating double taxation has reduced the overall cost of goods and services, enabling consumers to save more.
3. Ease of Doing Business
   With the “One Nation, One Tax” policy, interstate business has become simpler and more efficient.
4. Reduced Tax Cascading
   GST allows input tax credit at each stage of the supply chain, ensuring tax is only paid on value addition, reducing product costs.
5. Job Creation
   Lower costs and higher demand have boosted production, leading to increased employment opportunities.
6. GDP Growth
   Higher production driven by increased demand contributes to economic growth and a stronger GDP.
7. Reduced Tax Evasion
   A streamlined system minimizes corruption and tax evasion by bringing multiple taxes under one umbrella.
8. Competitive Market
   Lower logistics and interstate costs make goods more affordable and competitive in the market.
9. Increased Revenue
   Higher demand and streamlined taxation have led to improved tax collections for both state and central governments.