What is GST identification number in SAP CA-GTF-CSC - Country-Specific Objects?

SAP Term: GST identification number

• Component: CA-GTF-CSC

• Component Name: Country-Specific Objects

• Description: In India, a unique 15-digit code assigned by the tax authorities to all business entities that are registered under Goods and Services Tax GST. The number comprises of the following: first two digits represent the state code the next ten digits the permanent account number PAN the 13th digit indicates the number of registrations an entity has within a state the 14th digit is blank the 15th digit is a check digit used for detection of errors Example 22AAAAA0000A1Z1

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• Key Concepts: 
  The Goods and Services Tax (GST) identification number is a unique identifier assigned to businesses in India for the purpose of collecting and remitting taxes. It is used to identify the business for tax purposes and is required for all businesses that are registered with the Indian government. The GST identification number is also known as the GSTIN. 
  
  How to use it: 
  The GST identification number is used by businesses in India to identify themselves for tax purposes. It is required for all businesses that are registered with the Indian government. The GSTIN must be included on all invoices, returns, and other documents related to the business’s tax obligations. 
  
  Tips & Tricks: 
  It is important to ensure that the GSTIN is accurate and up-to-date. If there are any changes to the business’s information, such as a change of address or contact details, then the GSTIN must be updated accordingly. 
  
  Related Information: 
  The Component CA-GTF-CSC Country-Specific Objects in SAP provides support for country-specific objects such as the GST identification number. This component allows businesses to manage their GSTINs within SAP, ensuring accuracy and compliance with Indian tax regulations.