The full name of TIN is Taxpayer Identification Number.
Understanding the Taxpayer Identification Number (TIN)
Based on the provided reference, the Taxpayer Identification Number (TIN) is a unique numerical code primarily used within the Indian tax system. Its main purpose is to clearly distinguish VAT-registered dealers across the nation.
Key Characteristics of TIN
Here are the specific details about the structure and nature of the TIN, as highlighted in the reference:
- Purpose: Used to differentiate dealers registered under Value Added Tax (VAT).
- Format: It is an eleven-digit number.
- Uniqueness: The TIN is designed to be specific across the entire nation for each registered dealer.
- Structure: The eleven digits have a defined pattern:
- The first two digits represent the state code where the dealer is registered.
- The next nine digits are unique and differ for each state, assigned specifically to the individual dealer within that state.
This standardized structure ensures that each TIN is unique nationwide, simplifying identification and tracking of VAT-registered entities.
