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While experts, as well as regular citizens, are divided on how GST is going to transform India, the real effects can only be seen after some time.
Meanwhile, there are a few things which will have an immediate effect, especially to the businesses.
Also, while registering on the GST portal you get an ARN (Application Reference Number), which is required for further queries regarding your application, including GSTIN number validation.
In order to get the number, there is a two-step process which is needed to be completed by each business.
However, the department has not yet made it clear that by when it will start issuing GST numbers to industrialists and traders in Punjab.
Such businesses also had to get several other identification numbers from various places.
But now, after the GST implementation, all such numbers will be replaced by GSTIN.
One of these things is the tax identification number, which is now known as GSTIN (Goods and Services Tax Identification Number).
GST is basically a 15-digit number which has replaced the Tax Identification Number (TIN) that business entities were allotted while registering under a state’s Value Added Tax law.