Full Form of TIN | TIN Full Form | What is TIN | About TIN
Full Form of TIN is Taxpayer Identification Number: TIN stands for Taxpayer Identification Number. It’s a unique registration number that’s used to identify the dealers registered below VAT. It includes eleven digits and is unique throughout the country. The first 2 digits represent the state code and the next 9 digits may vary from state to state.
TIN is additionally referred to as VAT number, CST variety, and sales tax number below different circumstances. It’s issued by the Commercial Tax Department of the state government. The companies or dealers need to mention TIN on all correspondence and VAT transactions. It’s a must for businesses like manufacturers, dealers, exporters, and shopkeepers to sell a product within the state or to different states.
A Taxpayer Identification Number (TIN) is an characteristic number used for tax functions in the United States. it’s conjointly called a Tax number or Federal payer Identification number. A TIN is also allotted by the Social Security Administration or by the Internal Revenue Service (IRS).
Section 6109(a) of the Internal Revenue Code provides (in part) that “When needed by rules prescribed by the Secretary. any individual needed underneath the authority of this title [i.e., underneath the interior Revenue Code] to create a come back, statement or alternative documents shall embody in such come back, statement or alternative document such identifying number as is also prescribed for securing correct identification of such person.”