The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax revolutionising the Indian taxation system. The GST State Code list, an integral part of this system, provides a unique identification code for each state and union territory in India. These codes are crucial for businesses and taxpayers as they form part of the GST Identification Number (GSTIN). This article aims to comprehensively explain the GST State Code list, its importance, and its various applications.
The GST State Code List systematically compiles two-digit numbers representing a specific state or union territory. This is essential for businesses as it helps identify the state where a business is registered. The GSTIN is a unique 15-digit number assigned to each taxpayer. The first two digits of the GSTIN represent the state code as per the GST State Code List.
First Published: Feb 21, 2024, 08:57
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