What Is State Code GST
The Goods and Services Tax (GST) regime in India, introduced on July 1, 2017, revolutionized the country's indirect tax structure by subsuming multiple taxes into a single, unified tax system. A significant aspect of this system is the State Code GST, an integral part of the GST registration number. Understanding this code is crucial for businesses, tax professionals, and individuals engaged in commerce. In this article, we'll delve into what State Code GST is, its importance, and how it functions within the GST framework. What Is State Code GST? State Code GST is essentially a two-digit numerical code that represents each state and union territory of India under the GST regime. It is part of the 15-digit GST Identification Number (GSTIN) assigned to every registered taxpayer. The GSTIN is structured as follows: Digits 1 and 2: State code, representing the state or union territory. Digits 3 to 12: PAN (Permanent Account Number) of the taxpayer. Digit 13: Entity code (a numb...