What is the full form of CIN in GST?
The CIN Full Form in GST is Corporate Identification Number. In the realm of Indian business operations, two important acronyms frequently come up: CIN and GST. While both are essential for companies, they serve distinct purposes and are not interchangeable. This article sheds light on the Corporate Identification Number (CIN), particularly its role within the Goods and Services Tax (GST) framework.
CIN: A Unique Company Identity
A CIN is an alphanumeric 21-digit code that the Registrar of Companies is an assigned code used for companies incorporated in India. It is equivalent to a social security number for human beings but for organizations. It is given at the time of company incorporation, and it remains the same throughout the life of a company.
CIN and GST: Not Partners, But Important Together
It should be noticed that the CIN is not directly associated with GST. GST stands for Goods and Services Tax Identification Number, an alphanumeric unique 15 digits code given to business registered under GST. The GSTIN identifies the movement of goods and services transactions as taxes.
Though the CIN identifies the business itself, the GSTIN identifies the involvement of a business in the GST infrastructure. However, a business wishing to get its registration under the GST needs a valid CIN. It ensures only valid businesses can take entry under the GST ecosystem.