GSTN is the vital database for GST ensuring the management of the entire IT system of the GST portal. This portal is used by the government to provide services to the taxpayers such as registration to online filing of taxes. Enroll now. For more information, visit us at;- https://academy.tax4wealth.com/blog/gstn

1. GSTN: It’s Meaning, Features and Functions

2. What is GSTN?
GSTN refers to the Goods and Service Tax Network, mainly known to be a
non-government non-profit organisation. GSTN is the vital database for GST
ensuring the management of the entire IT system of the GST portal. This portal
is used by the government to provide services to the taxpayers such as registration
to File ITR Online or maintenance of taxes, in addition, the portal also enables
the government to track all the transactions.
Functions of GSTN:
The backbone of the GST Common Portal is GSTN performing as an intersection
between the taxpayers and the government. All the processes from the registration
to the GST return filing are established in an online format. It is built in a
manner to support an estimate of more than 3 billion invoices per month.
The functions of GSTN consist :
 Invoices
 Various returns
 Registrations
 Payments & Refunds
Key Features of GSTN:
This is a complex IT initiative that aims to create a uniform interface for
taxpayers as well as a shared IT infrastructure between the Centre and the States.
 Trusted National Information Utility
 Handles complex transactions
 All information will be secure
 Expenses will be shared
What is the GSTIN?
The Goods and Service Tax Identification Number (GSTIN) is the unique
number that each taxpayer receives once they register on the common portal. A
taxpayer's PAN is used to determine this unique number.
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