Validating gst numbers

Next 10 Digits-It is the PAN number of a business entity like your shop, mall or company.13th Digit-It indicates the number of registrations as a business entity has within a state for the same PAN.It will be an alpha-numeric number (first 1-9 and then A-Z) and will be assigned on the basis of the number of registrations a legal entity (having the same PAN) has within one state.

A BIC is a 7-character code that classifies your business by the service it provides.

We'll send your BIC to Inland Revenue as part of the tax registration process.

These 2 options are the most common for small business.

If you're unsure you can ask an accountant about the best option for your business You need to comply with New Zealand laws when you incorporate your company with the Companies Office, including reserving a company name, appointing directors, issuing shares and registering for tax.

As changes occur, you must update this information on your own share register and in your company's annual return.

Directors have responsibilities to their company and shareholders, and under the Companies Act 1993.

GSTIN is a 15 digit unique code which is will be assigned to each taxpayer, which will be State-wise and PAN-based.

The structure or format of 15 digit GSTIN (Goods and Services Tax Identification Number) will look like below.

If you choose to register for tax, you'll need to provide an Inland Revenue number for each director and shareholder in the company, unless they don't have one — for example, if a director or shareholder is based overseas.

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