GSTIN (Identification Number) consists of how many digit?

Correct option is C

The GSTIN (Goods and Services Tax Identification Number) is a unique identification number assigned to every taxpayer who is registered under the Goods and Services Tax (GST) system in India. It is used to identify businesses and individuals involved in the supply of goods and services.

Structure of the GSTIN:

A GSTIN is a 15-digit alphanumeric code with the following structure:

1. First two digits: Represent the state code (based on the state in which the taxpayer is registered).

   • Example: "27" for Maharashtra, "08" for Rajasthan, etc.

2. Next 10 digits: These represent the PAN (Permanent Account Number) of the taxpayer.

   • The PAN is a unique identification number issued by the Income Tax Department of India.

3. 13th digit: This is a alphabet used to identify the type of registration. It can be "1" for regular taxpayers, "2" for casual taxpayers, etc.

4. 14th digit: This is a alphabet used to represent the entity number. In cases of multiple registrations within the same PAN, this digit helps differentiate between them (e.g., for different business verticals or additional places of business).

5. 15th digit: This is a check digit that is used for validation and security purposes.

Example of a GSTIN:

A GSTIN might look like this: 27ABCDE1234F1Z5

• "27" represents Maharashtra's state code.
• "ABCDE1234F" represents the PAN of the taxpayer.
• "1" is the number for regular taxpayer status.
• "Z" and "5" are used for further classification and validation.