taxes in India
, including excise duty, VAT, and services tax.Simply put, it is a ‘one country, one tax’ rule with uniform rates across the country. It was implemented to simplify the country’s tax structure.
Under the GST system, three taxes are applicable:
- CGST: Tax that the Central Government collects on intra-state transactions.
- SGST: Tax that the State Government collects on intra-state transactions.
- IGST: Tax that the Central Government collects for inter-state transactions.
For intra-state sale transactions, two taxes are applicable, which are levied by Central and State Governments, respectively. For example, if the rate of tax for services is 18%, for intra-state sale of services, both CGST of 9% and SGST of 9% are applicable.
What is the GST Identification Number
(GSTIN)/GST Number?
In India, the government assigns a unique 15-digit number based on the PAN (Permanent Account Number)
This GST number is provided along with the GST registration certificate, and allows a registered taxpayer to be tracked and verified.
A business may have multiple GSTINs as they may have a presence in multiple states or expand into other activities.
What is GST Verification? Why is GST Verification Important?
GSTIN is necessary for verifying the authenticity of a GST-registered taxpayer. In fact, historically, individuals have in the past manipulated the GST numbers (GSTIN) to avoid paying taxes.
Verifying GSTIN is required to ensure that the GST is paid to the appropriate people. If the vendor’s GSTIN is fake or unverified, you will lose the Input Tax Credit (ITC). Therefore, you must verify the GSTIN to be able to claim all your eligible ITC. It is also an opportunity to contribute to nation-building and establish a transparent tax system.
The 15-digit GSTIN also reflects various aspects of the business. The first two digits, for example, represent the state code, that is the state in which the business is incorporated.
Similarly, the next ten digits of the number represent the PAN number of the registered business owner. The last three digits represent the number of registrations made by the business entity. Z is the default, and an alphabet or number for error detection.
GST Verification on Cashfree can assist you in a quick vendor KYC and their onboarding.
E-commerce marketplaces, B2B reseller companies, insurance providers, etc. can use GSTIN verification by Cashfree Payments.
GST Number Search Tool – GSTIN Verification Online
Now that you know why
Step 1: Log in to your Cashfree merchant dashboard. Go to the Verification Suite from the left side panel and select ‘Verify GSTIN’.
Step 2: Enter the 15-digit unique GSTIN number
You will now see all the details of valid GSTIN like:
✅GSTIN status,
✅Registered name,
✅Nature of business,
✅Registration type,
✅Business address.
How to Verify GSTIN on GST Portal?
Follow these steps to verify the GSTIN on the GST portal:
Step 1: Visit www.gst.gov.in.
Step 2: Click on the ‘Search taxpayer’ tab on the screen.
Step 3: From the sub-menu, select ‘Search by GSTIN/UIN’.
Step 4: Enter the GSTIN number and click on ‘Search’.
Step 5: You will be asked to enter the captcha displayed on the screen. Enter the captcha and proceed to ‘Search’.
The details of the business registered with the corresponding GSTIN like the status of GSTIN, registration date, type of business structure, type of taxpayer, etc will appear.
FAQs
- Can we find the company address from GSTIN?
Yes, we can locate the company address using the GSTIN. Simply enter the GSTIN of the Company in the Cashfree GST Verification tool and get the address of the company along with other details.
- How to check whether the GSTIN number is active or not?
To find out whether a GSTIN is active or not, just enter the GSTIN of the Company in the Cashfree GST Verification tool. You will see the GSTIN status along with other details.
