- GST Identification Number: A 15-digit unique code assigned to every registered taxpayer under GST for identification and compliance
- Permanent Account Number: A 10-character alphanumeric ID issued by the Income Tax Department, forming the base of GSTIN
- Input Tax Credit: A tax benefit that allows businesses to reduce GST liability using tax already paid on purchases
- Composition Scheme: A simplified GST scheme for small taxpayers with lower tax rates and minimal compliance requirements
- GST Portal: The official online platform where taxpayers can search GSTIN, access GST registration details, and file returns
Written by : Knowledge Centre Team
2026-03-31
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10 minutes read
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