Question

what is the minimum age of apply GST Number​

Answer 1

Answer:

Explanation:

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.

Answer 2

Answer: There is no age limit to apply for GST number

Explanation:

Before the introduction of GST, all traders registered under the VAT Act were assigned a unique VAT number by the relevant state tax authorities. Similarly, service providers have been allotted a service tax registration number by the Central Board of Indirect Taxes and Customs (CBIC).

Under the GST regime, all registered taxpayers are merged into one platform for compliance and administration purposes and are assigned registration under one authority.

Every business operating in a state or Union Territory will be assigned a unique Goods and Services Tax Identification Number, commonly known as GSTIN.

Every taxpayer is allotted a 15-digit Goods and Services Taxpayer Identification Number (GSTIN) according to the PAN state.

Here is the breakdown of the GSTIN format:

• The first two digits represent the country code. Each state has a unique code. For example,

1. Karnataka state code is 29
2. The country code of Delhi is 07

• The next ten digits will be the taxpayer's PAN number
• The thirteenth digit will be assigned based on the registration number within the state
• The fourteenth digit will be "Z" by default.
• The last digit will be the check code. It can be an alphabet or a number

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