How to differentiate Provisional Identification Number with Unique Transaction Reference number?
What is Provisional Identification Number? How does Unique Transaction Reference number work under GST regime? What are the difference between Provisional Identification Number and Unique Transaction Reference number?
Under GST system, the following information explains about Provisional Identification Number and Unique Transaction Reference number.
As per GST terms, Provisional Identification Number the rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of registration certificate. UTR is Unique Transaction Reference number that is generated in RTGS system for uniquely interestingly recognizing any exchange. The arrangement of UTR is predefined and is produced by the bank starting the exchange.
The details about Provisional Identification Number and Unique Transaction Reference number with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Provisional Identification Number and Unique Transaction Reference number, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Provisional Identification Number and Unique Transaction Reference number separately below. You may kindly read the below links to know more about Unique Transaction Reference number and Provisional Identification Number.
Term Provisional Identification Number(PID)under GST
Unique Transaction Reference number (UTR) Means
The above information easily explains about Unique Transaction Reference number and Provisional Identification Number.
We hope, you have satisfied with the difference between Provisional Identification Number and Unique Transaction Reference number explained above. Do you have different thought on difference between Unique Transaction Reference number and Provisional Identification Number?
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