GST Identification number or GSTIN is a 15-character unique number provided by Government to every registered taxpayer. Only the holders of valid GSTIN are allowed to charge and collect GST on the supplies. It is necessary that the taxpayers need to mention their GSTIN on the invoices prepared by them. Further, the GSTIN number needs to be mentioned on the signboards in their premises.
IRIS Peridot is an app which helps you to verify the correctness of a GSTIN by validating it with GST system. Once validated, the key facts are made available.
What makes IRIS Peridot unique is the ability to recognise GSTIN from any cluster of text. All you need to do is, scan the surface which could have the GSTIN printed. IRIS Peridot analyses the text to identify the GSTINs and once identified, the same gets checked with GST system.
Additionally, you can also type a GSTIN and get the details in the app.
GSTIN also has an important role in the return filing as it identifies the registered business thus can help ensure a genuine of B2B transaction. The correctness of your counterparties GSTINs has a direct impact on your ITC claim.
So why take chances, when you have an easy way out!!