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Jun 22, 2024 · GST State Code List of India. Thus, it is important for businesses to know about the GST state code list, which form the first 2 digits of the GSTIN. This state code list under GST, is prescribed as per the Indian Censes of 2011, and is as follows: Read More on GST Rates & Charges.
Nov 27, 2023 · The state code as per GST is a unique two-digit number that is assigned to each state and Union Territory in India. The state code is used to identify the state or Union Territory in which a business is registered for GST.
- 098703 10368
- GST State Code
- Objective of GST State Code
- GST Jurisdiction
- Classification of GST Jurisdictions
- Need For GST State Code List in GST
- GST State Code List of India
A temporary GST state code will be assigned to you when you file your business enterprise on the GST portal, and after 7 working days, a permanent GST state code will be assigned to you, as long as all of your documents are accepted. The GST state code is extremely important and should be used on any invoices you receive or send. No firm agency wil...
GST Code assists the government in determining whether IGST, SGST, or CGSTshould be charged to a taxpayer or a business enterprise.The state code of GST for a buyer can be accessed from the buyer's Goods and Services Tax Identification Number, which is shown in the "Place of Supply" section of the GST invoice.IGST would be fined if both the customer and the supplier's state codes are different.If the two-state codes are the same, the SGST and CGST would be applied.Any taxpayer who registers on the GST Portal is also expected to provide information about their GST jurisdiction. The method of determining your authority has become much simpler, with the GST platform providing a step-by-step guide.
The central and state jurisdictions are as the following- 1) 90% of the taxpayers having a turnover below Rs 1.5 crores will fall under state administration. The rest 10% of taxpayers will fall under central administration. 2) 50% of the taxpayers having a turnover above Rs.1.5 crore will fall under the state administration. The remaining 50% will ...
Every GST taxpayer must be aware of the right GSTState codes, as they are commonly used in GST compliance and adjudication. GST is important for the following key reasons-
The Goods and Services Tax Identification Number (GSTIN) is a 15-digit alphanumeric specific identification number issued to all GST-registered taxpayers. The state code is represented by the first two digits of a GSTIN. A taxpayer uses the GST state code list when applying with GST and entering invoice information in GST returns. For example, GST ...
These sequential numbers act as identifiers. For instance, Delhi's GST state code is 07, while Haryana's GST state code is 06 and Rajasthan's GST state code is 08. To give another example, in GSTIN 10AAJCR2207E1Z2, "10" represents the Gujarat GST code and if the GSTIN is 24AAJCR2207E1Z2, “24” represents the Telangana GST code.
Sep 18, 2024 · The GST state code list is a numerical code that represents each state and union territory in India, which is used by taxpayers while registering for GST and entering invoice details in GST returns. GST state code and GST jurisdiction are important data points for businesses to ensure a hassle-free processing of GST returns, applications, and ...
It’s simply a list that assigns a distinctive code to each state and union territory in India, which is essential for businesses and taxpayers who constitute an integral part of the GST Identification Number (GSTIN). This article will provide you with a low-down on the GST State Code list, its importance and uses. GST State Code Meaning.
Mar 25, 2024 · GST State Codes are unique two-digit numerical or alphanumeric representations assigned to each state and union territory in India. These codes serve as identifiers for specific geographical...
