The Goods and Services Tax Network (GSTN) has issued an advisory activating the geocoding functionality for the “Additional Place of Business” address across all States and Union Territories in India. This builds upon the successful implementation of geocoding for the principal place of business, a feature introduced in February 2023.
Geocoding is the process of converting an address or description of a location into geographic coordinates. The GSTN geocoding functionality allows taxpayers to verify and geocode the address of their additional place of business. This is an important step in ensuring the accuracy and consistency of GST records.
It is also important to note that the geocoding functionality is mandatory for all new GST registrations, as well as for all amendments to existing registrations that involve a change in the address of the additional place of business.
Here are some of the key benefits of geocoding the address of your additional place of business:
Accuracy
Geocoding ensures that the address of your additional place of business is accurately recorded in GST records. This helps to reduce the risk of errors and discrepancies, which can lead to penalties and interest charges.
Consistency
Geocoding helps to ensure that the address of your additional place of business is consistent across all GST records. This makes it easier for the tax authorities to track and manage your GST compliance.
Transparency
Geocoding helps to promote transparency in the GST system. It allows the tax authorities to verify the location of your business and to identify any potential cases of fraud or evasion.
Taxpayers can geocode the address of their additional place of business by logging into the GST portal and following the steps below:
- Click on the “Registration” tab.
- Click on the “Edit” button for your additional place of business.
- Enter the address of your additional place of business in the “Address” section.
- Click on the “Geocode” button.
- Verify the geocoded address and click on the “Submit” button.
The GSTN geocoding functionality is a valuable tool for taxpayers. It helps to ensure the accuracy, consistency, and transparency of GST records. Taxpayers are encouraged to geocode the address of their additional place of business as soon as possible.