TIN Full Form - What is TIN?

TIN Full Form - What is TIN?

What is TIN Full Form, what is TIN, what is the use of TIN, who needs TIN Number. What is the full name of TIN. If you are looking for answers to these questions related to TIN, then this post is for you only.

Today I am going to give you information about TIN in this post. I hope that whatever you want to know about TIN, you will find it in this post. If you want to understand better about TIN, then do a complete read of this post.

Friends, you must have heard the word TIN at some time or if you pay tax, then you must have TIN. TIN a few years ago, but since the Indian government has taken strong action against those who do not collect tax.

TIN Full Form

Friends, first of all we will know what is TIN Full Form. It's Called Taxpayer Identification Number and in Hindi करदाता पहचान संख्या. it is a Unique Registration Number. This is especially needed for those who do business.

What is TIN?

Since then it became quite popular in India and now TIN Number has become a very important thing. It is only through this TIN number that a dealer is identified under the VAT law and this number is used to get information related to tax. TIN number is always 11 digits. This number is single in the whole country, the number given to you will not be allowed to anyone other than you. Let us now get other general information about it.

TIN is also known as VAT number, CST number and sales tax number under various circumstances. It is issued by the Commercial Tax Department of the state government. Businesses or dealers must refer to TIN on all correspondence and VAT transactions. It is necessary for businesses such as manufacturers, dealers, exporters and shopkeepers to sell products in the state or other states.

Its first two digits represent the state code and the next 9 digits may differ from state. You can issue this number from one state to another person. TIN is applied to sales made within a state or between two or more states. TIN is also being used to identify dealers under the Income Tax Act, like PAN Card, to identify the assessors.

Why is TIN number required?

At the present time, it is necessary to take this number of every kind of business man, friends if a person does online business. So for that also TIN number is very important. It is necessary to get this number because the state government levies VAT or sales tax on the sale and sale of goods from the merchants of their state.

State government levies VAT or sales tax on the sale and sale of goods. VAT is not levied on traders making annual income ranging from 5 to 10 lakhs in most states.

  • It is an initiative to integrate and provide necessary details related to tax on integrated platforms.
  • It helps in identification of assets under the Income Tax Act.
  • TIN Number Professional enterprises specializing in trading, manufacturing, exporting and dealing with goods and services require tin for both the purchase and sale of goods and services.
  • Taxpayer Identification Number Information about a business enterprise can be easily obtained by many states, where the presence of the business is to streamline intra-intra and inter-state transactions.

What is the required document for TIN?

Along with friends TIN Full Form, it is also very important to know that the necessary Documents are necessary for TIN Number, so let's know. Before applying for this number, you must have some very important documents so that you can get the TIN number easily, these documents are necessary for the TIN number -

  • 6 photos of the merchant
  • Business Proof ID
  • PAN CARD
  • Purchase Invoice
  • Identity Card (Aadhar Card / Voter Card / PAN Card)
  • Business Address Proof
  • Reference of security
  • Copy of LR / GR
  • Payment Collection Proof and its Bank Statement

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