Simply, @Id: This annotation specifies the primary key of the entity. 

@GeneratedValue: This annotation is used to specify the primary key generation strategy to use. i.e Instructs database to generate a value for this field automatically. If the strategy is not specified by default AUTO will be used. 

GenerationType enum defines four strategies: 
1. Generation Type . TABLE, 
2. Generation Type. SEQUENCE,
3. Generation Type. IDENTITY   
4. Generation Type. AUTO

GenerationType.SEQUENCE

With this strategy, underlying persistence provider must use a database sequence to get the next unique primary key for the entities. 

GenerationType.TABLE

With this strategy, underlying persistence provider must use a database table to generate/keep the next unique primary key for the entities. 

GenerationType.IDENTITY
This GenerationType indicates that the persistence provider must assign primary keys for the entity using a database identity column. IDENTITY column is typically used in SQL Server. This special type column is populated internally by the table itself without using a separate sequence. If underlying database doesn't support IDENTITY column or some similar variant then the persistence provider can choose an alternative appropriate strategy. In this examples we are using H2 database which doesn't support IDENTITY column.

GenerationType.AUTO
This GenerationType indicates that the persistence provider should automatically pick an appropriate strategy for the particular database. This is the default GenerationType, i.e. if we just use @GeneratedValue annotation then this value of GenerationType will be used.