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Tin number

NAVEEN GARG (CA-FINAL) (104 Points)

26 September 2011

1. what is the difference between TIN number and VAT number ?

2. Please tell me the procedure of rgistration in same.

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Lakshmi (Student) (1836 Points)
Replied 26 September 2011

The registration number allotted to the dealers is popularly known as TIN i.e. Taxpayer Identification Number. This is a eleven digit number to be quoted in all VAT transactions and correspondence. (or) The Tax Payer’s Identification Number (TIN) is new unique registration number that is used for identification of dealers registered under VAT.

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Gourav Choudhary (CA and CS finalist) (143 Points)
Replied 26 September 2011

The Tax Payer’s Identification Number (TIN) is new unique registration number that is used for identification of dealers registered under VAT.

It consists of 11 digit numerals and will be unique throughout the country. First two characters will represent the State Code as used by the Union Ministry of Home Affairs. The set-up of the next nine characters may, however, be different in different States.

TIN is being used for identification of dealers in the same way like PAN is used for identification of assesses under Income Tax Act. All the dealers seeking for new registration under VAT or Central Sales Tax will be allotted new TIN as registration number, however every State Commercial Tax Department have made provisions to issue new TIN to their existing dealers replacing old registration/ CST number

so In brief there is no difference in VAT number,TIN or CST number ,now only one number is required for all type of sales i.e TIN it may be called VAT number as it is used intra state sales and may be called CST number as same is required for CST number .TIN is being issued to all new dealers whether required for intra or inter state sales but for old dealer (inter state) CST number will be changed with TIN in phased manner and method adopted by each state is different.'

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NAVEEN GARG (CA-FINAL) (104 Points)
Replied 27 September 2011

What is the Procedure ?

Gourav Choudhary (CA and CS finalist) (143 Points)
Replied 27 September 2011

You just collect the registeration form from sale tax office , fillup and submit it in the office.

The process is easy. Provide some document regarding your bussiness/firm, addess and identity of firm/company.

DOCUMENTS REQUIRED FOR REGISTRATION

The application for registration is to be accompanied by the following:

1) Deposit receipt of prescribed amount towards fees for registration. Such deposit receipt is to be obtained from the appropriate treasury after payment of the fee amount.
2) Copy of the constitution document e.g. Partnership deed for a partnership firm, Memorandum and Articles of Association for a company.
3) Board Resolution authorizing the signatory to sign the application in case of company.
4) Proof of identification of the authorized signatory e.g. voter identity card, passport, driving license.
5) Proof of principal place of business e.g. rent receipt, lease agreement, electricity bill.

Who is required to sign the application for registration?

The Application for registration is required to be verified and signed by an authorized signatory. An authorized signatory for different categories of persons is:

Proprietor, in case of proprietorship concern
Managing partner, in case of partnership firm and where there is no managing partner, by any of the partners.
Managing Director or authorized signatory, in case of a company.
Karta, in case of Hindu Undivided Family and authorized signatory.

NAVEEN GARG (CA-FINAL) (104 Points)
Replied 28 September 2011

Very-Very Thanks Gourav.

Please tell me what is the:

Deposit receipt of prescribed amount towards fees for registration. Such deposit receipt is to be obtained from the appropriate treasury after payment of the fee amount.

& Is their any Guaranter that we requires or an security Deposits