Win up to 100% Scholarship

Register Now

Geocoding

GS Paper III Indian Economy

Context:

Amid concerns over fake registrations and fraudulent availment of input tax credit under the Goods and Services Tax (GST) regime, the GST Network (GSTN) made the geocoding functionality live for all states and union territories.

About Geocoding:

Geocoding is a process that converts an address or description of a location into geographic coordinates.
Purpose: To ensure the accuracy of address details in GSTN records and streamline the address location and verification process.
It is available for normal, composition, SEZ units, SEZ developers, input service distributor and casual taxpayers who are active, cancelled, and suspended.

Goods and Services Tax Network (GSTN)

It is a non-profit company registered under Section 8 of the Companies act, 2013.
It is an IT Initiative that provides an Indirect Taxation platform for GST to help taxpayers in India to prepare, file returns, make payments of indirect tax liabilities and do other compliances.
It acts as an uniform interface for the taxpayers under indirect taxes through a common and shared IT infrastructure between the Centre and States.
Shareholding Pattern:
1. 51% held by private players
2. Centre and State governments together holds 49% equity in GSTN

News Source: Indian Express

To get PDF version, Please click on "Print PDF" button.

Recent Post
Most Viewed Post

Kinmen Island, Location, and Map

India and Eurasian Economic Union to start FTA talks

Arogya Maitri Sahayata Cube- Project BHISHM

AI Regulatory Sandboxes

Dust Storms

Use of AI in Drug Development

Social Stock Exchange

Prime- Minister’s Egypt State Visit

Shanan Power Project

Aurora

MSP Hike and its Impact

Natural Rubber Production In India: Status, Government Initi...

Recent Editorial

SC Verdict on Newsclick Shows Adherence to Due Pro...

Stay Invested: On Chabahar and India-Iran Relation...

Credit Rating Agencies, Impact on India’s De...

Catapulting Indian Biopharma Industry

Globalisation Under Threat, US Import Tariffs Have...

Global Report on Hypertension, Global Insights and...

Popular current affairs

Kinmen Island, Location, and Map

India and Eurasian Economic Union to start FTA tal...

Arogya Maitri Sahayata Cube- Project BHISHM

AI Regulatory Sandboxes

Dust Storms

Use of AI in Drug Development

Our Courses

Our Courses

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Subscribe our Newsletter

Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.

*Promise! We won't spam you.

Yes! I want to Subscribe.

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Follow Us:

Subscribe our Newsletter

Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.

*Promise! We won't spam you.

Yes! I want to Subscribe.

Contact Details

Download Our App