Well,
it is due to the compassion in regulation by our govt. that we can easily start
a business under above mentioned categories. We just required a TIN (CST+VAT number). Now the question arise is
that what is TIN ?, Who requires it ? and How to obtain it ?
After reading this article you will able to
answer the aforesaid question easily...
TIN (Tax Information Network)
It
is a unique number allotted by Commercial tax department of respective State.
It’s 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 should register for TIN
TIN
number registration is required for Manufacturers, Traders, Exporters and
Dealers. When new registration is undertaken under VAT or Central Sales Tax a
new TIN will be allotted under registration number. The TIN number should
appear on all Quotations/Orders/Invoices by both Sending Company and Receiving
Company.
Documents required to acquired a TIN Number
ID
Proof / Address proof / PAN card of proprietor with six photographs
Address
proof of Business premises
1st
Sale / Purchase Invoice, copy of LR/GR & payment/collection proof with bank
statement
Surety/Security/Reference
Practical Procedure to acquire TIN
i
Dealer seeking registration would
submit some basic details such as name, constitution, PAN and contact details
online.
ii
PAN is verified from NSDL.
iii
On successful PAN verification,
dealer will be provided login id and password through e-mail
iv
The dealer would login, fills up
registration forms and upload supporting documents such as address,
identification proof, etc.
v
Dealer to take a print out of the
application filled online and submit the signed copy of the same along with
relevant documents such as constitution of business, partnership agreement etc
in the concerned ward.
vi
A computerized receipt will be
issued by the ward to the dealer. The receipt should contain a Computer
generated date on which application (hard copy) with documents is received.
vii
Generation of receipt would push
the application into the login of concerned Ward in charge. Counting of 15 days
begins with the generation of this receipt.
viii
The Ward VATO would
approve/reject/issue deficiency memo based on the facts of the case.
ix
The above action is required to be
completed within 15 days as per DVAT Act and SLA.
x
Registration certificate will be
sent to the dealer at his indicated Principal Place of Business through
registered speed post.
xi
Ward VATO would assign the
registration application to VATI for physical inspection. This verification
would be completed within 3 months of issue of the Registration certificate to
the dealer.
xii
Ward VATI would enter verification
report in the system through his/her login Id and password Within a week of
verification.
xiii
The verification report would be available
in Ward VATOs login.
xiv
The Ward VATO will initiate action
on adverse report, if any, submitted by ward VATI within 3 days.
xv
These issues with the prior
approval of Commissioner, Value Added Tax.
Source : http://dvat.gov.in/website/home.html
Hope this will help...
We also provides services related to the
captioned subject in case you require any assistance, feel free to mail us
(cspraveensingh111@gmail.com)
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