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TIN is a very similar identification number as PAN and it is assigned to business owners and traders to track their financial transactions. TIN is required by every entity that is registered under VAT for the trade of goods and services. The idea of furnishing TIN for business enterprises for carrying out inter and intrastate business.
The Income Tax Department allocates TIN for monitoring the transactions made by the business enterprises. It consists of eleven characters. The last two characters show the state of the applicant. Applicants who are registered under Value Added Tax or Central Sales Tax are required to furnish the TIN Number.
TIN Application can be made both online and offline. The process Commercial Tax Department can furnish TIN. TIN is mandatory to quote while submitting VAT. Hence, the Tax Identification Number is allocated right during the registration process. Their TIN Number can identify the business that is registered under VAT. The transactions that are carried out by a business enterprise can be traced through the TIN Number. The steps for TIN Application differs from state to state; a person can Visit the central sales tax Portal and check the guidelines in their state. These steps are directed from the Central Sales Tax Act.
Why do we require TIN?
An entity is required to quote TIN during the sale or purchase of any goods and services. A business entity has to be registered in the TIN database to undergo any transactions in the country, both inter-state and intra-state. For the enterprises who apply for VAT registration are also mandatorily required to have a TIN Number.
Documents Required to Apply for TIN
The documents required to apply for tIN vary from state to state. But, there is a basic list of documents that are needed by all the state authorities to complete the TIN Application procedure of an entity. Here's a list of documents that are mandatorily required by the authorities if someone is applying for TIN
State |
TIN |
State Code |
Assam |
18 |
AS |
Arunachal Pradesh |
12 |
AR |
Andhra Pradesh (New) |
37 |
AD |
Bihar |
10 |
BH |
Chandigarh |
04 |
CH |
Chattisgarh |
22 |
CT |
Dadra and Nagar Haveli |
26 |
DN |
Daman and Diu |
25 |
DD |
Delhi |
07 |
DL |
Goa |
30 |
GA |
Gujarat |
24 |
GJ |
Haryana |
06 |
HR |
Himachal Pradesh |
02 |
HP |
Jammu and Kashmir |
01 |
JK |
Andhra Pradesh |
28 |
AP |
Jharkhand |
20 |
JH |
Karnataka |
29 |
KA |
Kerala
|
32 |
KL |
Lakshadweep Islands |
31 |
LD |
Madhya Pradesh |
23 |
MP |
Maharashtra |
27 |
MH |
Manipur |
14 |
MN |
Meghalaya |
17 |
ME |
Mizoram |
15 |
MI |
Nagaland |
13 |
NL |
West Bengal |
19 |
WB |
Uttarakhand |
05 |
UT |
Uttar Pradesh |
09 |
UP |
Tripura |
16 |
TR |
Telangana |
36 |
TS |
Tamil Nadu |
33 |
TN |
Sikkim |
11 |
SK |
Rajasthan |
08 |
RJ |
Punjab |
03 |
PB |
Pondicherry |
34 |
PY |
Andaman and Nicobar Islands |
35 |
AN |
Is there any alternative name for TIN?
Yes. TIN is also known as a VAT number since TIN is mandatory for VAT registration for any business enterprise.
Where is TIN specifies for the transaction of goods and services?
The selling and purchasing business enterprises or companies are required to quote TIN on documents in deals like an invoice, sales order, quotations, etc.
What is the single process of TIN Application?
There is no single and standard procedure for TIN Application. The process of applying for TIN varies from state to state.
Is there any difference between TIN and TAN?
Yes. TIN and TAN are different concepts. While TIN is used as an identification number by the business enterprises, TAN is the identification number for entities which deduces Tax From the Source (TDS)
What is the structure of TIN?
TIN is an eleven-digit identification number where the first two digits are the state code where the applicant has applied for TIN
What if I don't quote TIN in the invoice that I receive as a part of sales deal?
If you forget to quote your TIN on any of the invoices, you'll be required to pay a certain amount of penalty. This penalty depends on the state who is levying it.