Wondering how long it takes to get your GST number? Not long if you go the Aadhaar route. Keep reading to learn more!
GST Number : An Overview
A 15-digit identification number called the GST number is assigned to each GST registered taxpayer. The GSTIN format is broken down as follows:
- The state code is represented by the first two numbers. Each state has its own code. For example, Kerala’s state code is 32, while Tamil Nadu’s state code is 33
- The next ten numbers are the GST registered taxpayer’s PAN
- The thirteenth digit, known as the entity code, is determined by the number of registrations in a state
- By default, the penultimate digit will be the letter ‘Z’
The last digit might be either an alphabet or a number. It’s known as a check code.
Why Provide Aadhaar number While Applying for GST Registration
Businesses that give an Aadhaar number while registering for the Goods and Services Tax will receive clearance in three working days. The Central Board of Indirect Taxes and Customs (CBIC) announced that Aadhaar identification will be required for GST registration beginning August 21, 2020.
The announcement further states that if a firm does not give an Aadhaar number, GST registration will be issued only after physical verification of the business location. According to Finance Ministry sources, the GST Council authorized the implementation of Aadhaar identification for new taxpayers during its 39th meeting on March 14, 2020.
If no notification is issued, a person opting for Aadhaar authentication for new GST registration would receive it within three working days and will not have to wait for physical verification. Applicants who do not choose Aadhaar authentication for GST registration would be allowed it only after physical verification of their location of business or documentary verification, which might take up to 21 working days or more if a notice is issued, according to sources.
What is an Aadhaar Number and How to Obtain it
Aadhaar number is a 12-digit random number provided by the UIDAI (“Authority”) to residents of India who have completed the verification procedure. Anyone who is a resident of India, regardless of age or gender, can freely enroll to receive an Aadhaar number. Those interested in enrolling must share minimum demographic and biometric information throughout the free signup procedure. Because the uniqueness is obtained through the process of demographic and biometric de-duplication, a person only has to enroll for Aadhaar once, and only one Aadhaar will be created for one person.
The Aadhaar enrolment procedure involves going to an Enrolment Center, filling out an enrolment form, getting demographic and biometric data collected, giving proof of identity and address papers, and then receiving an acknowledgement slip with an Enrolment ID. Any correction in the enrolment data can be done within 96 hours of enrolment by visiting the enrolment center with the acknowledgement slip. Once your Aadhaar is generated you may download an electronic version of your Aadhaar by giving your Aadhaar number or Enrolment ID. Do note that the downloaded Aadhaar is as valid as the original Aadhaar letter