What is the Full Form of CTIN in GST?
The CTIN Full Form in GST is Challan Temporary Identification Number. This number is automatically generated at the time of creating a tax payment challan made through the GST portal of the Central Board of Indirect Taxes and Customs (CBIC). After the challan is created, CTIN is a very important number for reference in the transaction. It’s very important for the completion of the payment process on the ICEGATE portal.
Challan Temporary Identification Number Summary:
CTIN is the common temporary identifier required for tax payments under the GST framework. It is very important to know and keep track of these tax payments, thereby easing compliance and simplifying the verification of payments.
Registration and Compliance:
Generating a CTIN is a necessary step in the procedure of payment to ensure that taxpayers comply with the GST regulations. Once logged in, the creation of a challan has to be made for generating the CTIN on the integrated CBIC-GST portal. This number is not only important for tracking the status of payments but also acts as a reference in future transactions and audits. Usually, the CTIN number remains valid for 15 days, and the payment has to be completed within this duration.