The Income Tax Department of India has developed in the course of the recent few years, joining technology to help citizens in performing their duties. One such development is the TIN also known as the Tax Information Network. This was structured for processing, gathering, observing, and bookkeeping of direct taxes; modernizing the present system to stay up with patterns.
Tax Identification Number or Tax Information Network truncated as TIN, is an exceptional number allotted to a business by the Commercial Tax Department of the state that has received the application. It is an 11-digit number that fills in as an identity for a business, which is enrolled under VAT for exchange of merchandise and ventures. TIN is additionally alluded to as a VAT Number when transactions are intra-state.
Please Note:- VAT has been supplanted by GST from the first July 2017.
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