A. All businesses registered GST have a unique Goods and Services Tax Identification Number also known as GSTIN.
Q. Should a business apply for multiple GST registrations?
A. If a business operates from more than one state, then a separate GST registration is required for each state. Like if a business operates in Bihar and West Bengal then for both the states separate GST registration becomes mandatory. A business with multiple businesses in a state may obtain a separate registration for each business as per the group in which the business is categorized by GST law.
Q. How has GST helped in price reduction?
A. Before GST every purchaser including the final purchaser paid tax on tax. This is known cascading effect of tax and this resulted in cascading effect of taxes. The prices increased massively and GST has helped to remove it.