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GST

How to Get GST Number of a Company?

If a registered individual fails to show his GSTIN on board, he would be liable to pay up to ₹25,000/- penalty under Section 125 of the CGST Act.

GSTIN is a unique code that must be openly disclosed to the public. It is essential to verify a vendor’s validity and the GSTIN used in the invoice. You may now check GSTIN with a single click from anywhere and at any time, thanks to advances in technology. Before proceeding with a transaction, it is necessary to seek out their GST number.

Applying for GST Number of a Company Through GST Seva Kendra

The government has established Seva Kendras to help many taxpayers transition to GST. These are the taxpayers who do not have access to or do not understand how to utilize the GST’s online site.

How to Know and Verify a Company’s GSTIN?

Many businesses generate erroneous or false GSTIN numbers to charge more money and evade taxes under GST legislation.

To begin, according to the legislation, every service provider/trader charging GST to their consumers must print their GSTIN number on all created invoices. Moreover, a vendor also must display their GSTIN at a visible location at their business.

The contents of invoices are addressed under Rule 46 of the CGST Rules. The tax invoice must include information under the following 16 headings:

  1. Name, address and GSTIN of the supplier
  2. Tax invoice number up to 16 characters (it must be generated consecutively and each tax invoice will have a unique number for that financial year)
  3. Date of issue
  4. If the buyer (recipient) is registered then the name, address and GSTIN of the recipient
  5. If the recipient is not registered and the value is more than Rs.50,000* then the invoice should carry
  • Name and address of the recipient
  • Address of delivery
  • State name and state code
  1. HSN code of goods or service accounting code for services
  2. Description of the goods/services
  3. Quantity of goods (number) and unit in UQC (metre, kg etc.)
  4. The total value of supply of goods/services
  5. The taxable value of supply after adjusting any discount
  6. The applicable rate of GST (Rates of CGST, SGST, IGST, UTGST and Cess clearly mentioned)
  7. Amount of tax (With the breakup of amounts of CGST, SGST, IGST, UTGST and Cess)
  8. Place of supply and name of destination state for inter-state sales
  9. Delivery address if it is different from the place of supply
  10. Whether GST is payable on a reverse charge basis
  11. Signature of the supplier or his authorised representative

You can verify the legitimacy of the GSTIN issued to you or displayed, if  you have any doubts. Checking the authenticity of the GSTIN Number is simple; simply follow the steps outlined below:

  1. Navigate to the GST Portal at https://www.gst.gov.in/   2. On the menu bar, there will be a ‘Search Taxpayer’ option.
  2. Enter the GSTIN to be verified in the search box, together with the captcha code that was supplied to you.
  3. If the submitted GSTIN is a genuine GST registered business, the following information will be displayed in seconds.
  • GSTIN Registration Status
  • Business Structure Type: Sole proprietorship registration, Limited Liability Company
  • Taxpayer classification. Regular Taxpayer, Composition, and Special Economic Zone (SEZ) unit
If the GSTIN entered is incorrect, the website will display an ‘error’ notice.

 


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