Do you have the GSTIN of a company and wish to cross-verify its authenticity and credibility? Keep reading!
Checking a company’s trustworthiness is a vital first step in developing a working relationship with any organization. Although most businesses look attractive at a cursory glance by advertising to consumers with only the most basic and most positive information. Knowing the people, products, and track record of the company you want to purchase products from increases the likelihood that you will get what you pay for. One of the best ways of ensuring that a company is what it says it is and is run by who it says it is being run by is to verify its GST number. But what is the GST number? And how to find the details of a company by GST number search? Let’s find out.
What is GSTIN?
GSTIN, or Goods and Services Tax Identification Number, is a unique 15-digit alphanumeric code assigned to each taxpayer registered under the Goods and Services Tax (GST) system in India. This number acts as a distinctive identifier for businesses and individuals who are required to collect and remit GST.
Why is it necessary to verify the GST Number?
Verifying the GST number is crucial for several reasons:
- Legitimacy: Confirming the validity of the GST number ensures that the business or individual claiming to be registered under GST is legitimate.
- Input Tax Credit (ITC): Businesses often engage with other registered entities and claim Input Tax Credit. Verifying the GST number of the supplier is essential to avail of this credit.
- Compliance: It helps in ensuring that the taxpayer is complying with GST regulations and is duly registered, avoiding potential legal issues.
- Confidence in Business Transactions: Verifying the GST number adds a layer of trust and transparency in business transactions, especially when dealing with new or unknown entities.
Our GST interest calculator online helps you calculate GST interest accurately and quickly.
Importance of GST Number Verification
- Since the GSTIN or GST number is made public, it is essential for companies doing business with GST-registered taxpayers to confirm that the vendor and the GSTIN or GST number on their invoices are legitimate
- In addition to other benefits, confirming the GSTIN is necessary to avoid duplication of false invoices and e-invoices, guarantee eligibility for actual input tax credits, and accurately transfer tax credits to the appropriate purchasers
- Verifying a GSTIN accurately is essential to avoid possible legal and regulatory problems. Both the company providing the invoice and the recipient may face fines or legal ramifications as a result of inaccurate or fraudulent GSTINs
- Businesses and government agencies must validate GSTINs in order to protect the integrity of the tax system, stop tax evasion, and guarantee that tax credits are properly recorded.
GST Identification Number Format:
The format of the GSTIN is standardized and follows a specific pattern:
- The first two characters represent the state code.
- The next ten characters are the PAN (Permanent Account Number) of the taxpayer.
- The thirteenth character indicates the entity’s number of registrations within a state.
- The fourteenth character is by default “Z.”
- The fifteenth character is a check code for detection of errors.
For example, a hypothetical GSTIN might look like this: 29ABCDE1234F1ZW, where “29” is the state code and “ABCDE1234F” is the PAN.
How to Find a Company by GST Number Search?
To verify the name and validity of a company number-
- Visit the following link to the official GST portal:
- Additionally, enter the GSTIN/UIN of the Taxpayer in the space provided
If the GSTIN is accurate, the details that can be verified here are-
- The legal name of the company
- Principal place of company
- Additional places of company
- State jurisdiction
- Centre jurisdiction
- Date of registration
- Constitution of business – company, sole proprietor, or partnership
- Type of registration
- GSTIN status / UIN status
- Date of cancellation (if applicable)
When Does GST Registration Become Necessary?
When an individual/entity/partnership/sole proprietorship/company exceeds the threshold limit set for GST registration, they are required to register under GST. This process is known as new GST registration, and it becomes necessary to obtain a GST Identification Number (GSTIN). A GSTIN is crucial for businesses to collect and deposit taxes levied by the government under the Goods and Services Tax (GST) regime.
GST Rate and HSN Code
To determine the GST rate for goods, it’s essential first to identify the HSN code, as GST rates are linked to HSN codes. Once the HSN code is identified, the corresponding GST rate can be easily determined. For better understanding let’s take an example: HSN Code for Computers & Laptops
The four-digit HSN code for computers is 8471
According to HSN Chapter 84, an ‘automatic data processing machine’ refers to any equipment capable of:
- Storing the Processing Programme: Storing the program(s) and the necessary data for execution.
- User Programmability: Being freely programmable to meet user requirements.
- Performing Arithmetical Computations: Executing arithmetic operations as specified by the user.
- Automated Execution: Executing a processing program autonomously, modifying execution through logical decisions during the run.
Automatic data processing machines do not need to be a single unit; they can be a system comprising multiple separate units. Any unit that connects to a data processing machine and meets the following conditions is also classified under HSN 8471:
- Usage: Solely or principally used in an automatic data processing system.
- Connectivity: Connectable to the central processing unit directly or through other units.
- Data Compatibility: Able to accept or deliver data in a form (codes or signals) usable by the system.
Therefore, peripherals such as keyboards, mice, and USB storage devices can also be classified under HSN code 8471.
HSN code 8471 covers personal computers, laptops, and micro-computers, classified under Chapter 84 of the HSN under the heading ‘Automatic Data Processing Machines and Units’ and the GST rate for this HSN code is 18%.
FAQs
Can we find GST number by company name?
Yes, you can find the GST number of a company.
How do I check active GST status?
You can check the active GST status of a company using the official GST portal.
Is GST a 15 Digit Number?
Yes, GSTIN or GST number is a 15-digit alphanumeric number based on the business entity's PAN.
How do I find GST filing details of a company?
You can find the GST filing details of a company by using the GST portal. Log in to the GST portal and go to the 'Returns' section. Select the 'View Filed Returns' option and enter the GSTIN of the company. You will be able to view the filed returns of the company.
How do I activate my GST number?
To activate your GST number, you need to log in to the GST portal and complete the registration process. After submitting the application, you will receive an Application Reference Number (ARN) on your registered mobile number and email ID. You can track the status of your application using the ARN.
How many days it will take to get GST number?
It usually takes 3-7 working days to get the GST number after submitting the application.
What is the fee for GST registration?
The fee for GST registration is offered by Government of India free of cost.
What are the 4 types of GST?
The four types of GST are Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST), and Union Territory Goods and Services Tax (UTGST).
What is tin full form?
TIN stands for Taxpayer Identification Number. It is a unique identification number assigned to each taxpayer registered under VAT. However, TIN is no longer in use after the implementation of GST.
How do I check a GST number?
You can check a GST number by using the following link https://services.gst.gov.in/services/searchtp . All you need to do is enter the GSTIN or name of the company and you will get details of the taxpayer.
What is GST refund?
GST refund is the process of claiming a refund of the GST paid on the input goods or services used in the production of goods or services. It is applicable to exporters, suppliers, and manufacturers who have paid GST on their inputs.
What is the monthly GST return?
The monthly GST return is a statement that registered taxpayers need to file with the GST department. It contains details of the sales, purchases, and tax paid on them during the month. The return needs to be filed by the 20th of the following month.
What is company GST details?
Company GST details refer to the GSTIN or GST number of a company, which is a unique identification number assigned to every taxpayer registered under GST. It comprises 15-digit alpha-numerics based on the business entity's PAN.
Conclusion
Engage the services of Vakilsearchprofessionals to prevent needless delays in acquiring your GSTIN. Our team of experts have unparalleled competence in resolving all GST-related difficulties and issues. Further, contact us today to get your GST registration completed quickly with the aid of our pros!
