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Source: The post is based on the article “GSTN launches geocoding in all states and UTs” published in Indian Express on 8th July 2023
What is the News?
The GST Network (GSTN) has introduced geocoding functionality in all states and union territories of India.
What is Geocoding?
Geocoding converts an address or description of a location into geographic coordinates.
It has been introduced to ensure the accuracy of address details in GSTN records and streamline the address location and verification process.
This is important because the accuracy of the address details is crucial in determining the applicable GST rates, place of supply rules, and other compliance requirements.
The GST Network has already geocoded 1.8 crore principal places of businesses.
Applicability: This functionality is currently available for various types of taxpayers, including normal taxpayers, composition taxpayers, SEZ units, SEZ developers, Input Service Distributors (ISDs) and casual taxpayers who are active, cancelled or suspended.
