Temporary Identification Number (TIN) will reduce the compliance burden on small businesses or individuals not regularly engaged in taxable activities
Udaipur, January 25, 2025 - The Central Board of Indirect Taxes and Customs (CBIC) has made changes to the GST rules for issuing Temporary Identification Number (TIN) to reduce the compliance burden on small businesses or individuals not regularly engaged in taxable activities.
Rule 16A was added to the CGST Rules, 2017, and issued last month by the GST Council to issue TINs to those entities that otherwise do not need GST registration. A proper officer can grant the TIN and issue an order in Part B of FORM GST REG-12.
CBIC clarified, "Individuals or entities that do not require GST registration but are obligated to make tax payments under the provisions of the GST Act can now obtain a Temporary Identification Number (TIN)."
Under GST rules, businesses in the manufacturing and service sectors with an annual turnover of Rs 40 lakh and Rs 20 lakh, respectively, are required to register.
Who can obtain TIN?
Benefits
With Media Inputs
To join us on Facebook Click Here and Subscribe to UdaipurTimes Broadcast channels on GoogleNews | Telegram | Signal