GSTIN
The 15-character Goods and Services Tax Identification Number assigned to every GST-registered entity in India.
Related terms
- Gratuity
A statutory lump-sum benefit payable to an employee on retirement, resignation after five years' service, or death, computed under the Payment of Gratuity Act and usually recognised using an actuarial valuation.
- GST Credit Note / Debit Note
Documents issued to adjust a previously issued GST invoice — a credit note to reduce the taxable value or tax, a debit note to increase it.
- GSTR-1
The monthly or quarterly GST return on which a registered taxpayer reports its outward supplies (sales).
- GSTR-2B
An auto-generated statement showing the input tax credit available to a taxpayer based on what its suppliers have reported, used as the reference point for ITC reconciliation.
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231 terms in total, or go deeper with working procedures and worked examples in the resource library.