GSTIN – Goods and Services Tax Identification Number
GSTIN is a 15-digit unique identification number allotted to every registered taxpayer under the Goods and Services Tax (GST) system in India. It helps in identifying businesses and ensuring transparency in tax compliance.
Each GSTIN is structured as follows: Format Example: 29ABCDE1234F1Z5
Example Explanation: GSTIN: 29ABCDE1234F1Z5
29 – Karnataka (State Code)
ABCDE1234F – PAN of the business
1 – First registration of this PAN in Karnataka
Z – Default value
5 – Checksum digit