Write a brief note on taxpayer's identification number (TIN) for the purpose of VAT.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2015
Write a brief note on taxpayer's identification number (TIN) for the purpose of VAT.
Answer & Explanation:
Tax Payer's Identification Number (TIN) is the registration number of a dealer. It consists of 11 digit numerals. First two characters represent the State code and the next nine characters are different in different States. TIN facilitates computer applications such as detecting stop files and delinquent accounts. It also helps in cross checking the information on tax payer compliance.
Topics: VAT
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