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What Is TIN Number

TIN stands for Taxpayer Identification Number, which is an 11-digit number assigned by state commercial tax departments in India to identify registered dealers under value-added tax. The first two digits indicate the issuing state while the remaining nine digits can vary by state. TIN is used for both intra-state and inter-state sales and serves the same purpose as PAN for income tax. TIN registration is mandatory for manufacturers, traders, exporters and dealers. Once registered, the same TIN number is considered the VAT number for intra-state sales and the CST number for inter-state sales.

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Zakir Hussain
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206 views

What Is TIN Number

TIN stands for Taxpayer Identification Number, which is an 11-digit number assigned by state commercial tax departments in India to identify registered dealers under value-added tax. The first two digits indicate the issuing state while the remaining nine digits can vary by state. TIN is used for both intra-state and inter-state sales and serves the same purpose as PAN for income tax. TIN registration is mandatory for manufacturers, traders, exporters and dealers. Once registered, the same TIN number is considered the VAT number for intra-state sales and the CST number for inter-state sales.

Uploaded by

Zakir Hussain
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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What

is

TIN

number?

TIN stands for Tax-Payer Identification Number, is unique number allotted by Commercial tax department of respective State. Its an eleven digit number to be mentioned in all VAT transactions and correspondence. TIN number is used to identify dealers registered under VAT. First two digits of TIN indicate the issued state code. However, Other 9 digit of TIN creation may differs by state governments. TIN is applied for both sales done within a state or between two or more states. Tin is also being used to identify dealers in the same way like PAN, to identification of assesses under income tax act. Who Needs TIN number?

Tin number registration is must for Manufacture/Traders /Exporters/Dealers. It comes to new registration under VAT or Central sales tax will be allotted new TIN as registration number. However, all state commercial tax department of India has stipulation to provide new TIN to existing Manufacture/Traders /Exporters/Dealers to replace their old registration / CST number. So, there is no difference in VAT/CST/TIN because these days only one number is needed for all type of sale you made. TIN number is called VAT number when it used for intra state sales. The same TIN number is being consider as CST number when it requires. Documents 1. 2. 3. 4. Please check the applicability of each state How to apply for TIN number? 1st Sale / ID Proof / Address Purchase Invoice, required Address proof / PAN proof copy of LR/GR & to card of of Apply proprietor with 4 to 6 TIN number with of Business proof bank number photographs premises; statement

payment/collection

Surety/Security/Reference.

Gone are the days standing in long queues to submit an application to Government Department. E Government as swept all over India. This can be done by online. Need help?

Are you looking someone to help you to apply TIN number and calculating your Tax and file it behalf of you? Then, Reach Accountant is the right choice to do it with. Reach our Customer support @ 0-86955 94333 or [email protected]

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