What is the full form of TIN?
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What is the full form of TIN?
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The full form of TIN is Taxpayer Identification Number. It is a unique identification number which is used for tax purpose.
TIN number is used to identify the trader or dealer who is registered under VAT. TIN consist of 11 digit unique number, the first two-digit are state code and the last nine-digit vary state to state. It is generally required for a businessman to do sale within the states or between two states registered with VAT.
TIN number assigned by the commercial tax department of particular states.
VAT/ CST/TIN number is the same nowadays because these days only one number is required for all types of sales.
Type of TIN
Social Security Numbers (SSN)
Social security number is the most common type of tax identification number in the United States. it is used by individuals who are working in the United States.
Individual Taxpayer Identification Number (ITIN)
ITIN issued to Non-resident and temporary visa alliens who are not eligible for SSN.
Employer Identification Numbers (EIN)
EIN used by employer,non profit associations, trusts, goverment bodies, corporations, etc.
Adoption Tax Identification Numbers(ATIN)
It is used for adoption. It is a temporary number for child, when adoptive parents cannot obtain an SSN.
Preparer Tax Identification Number(PTIN)
Any preparer that charges to finish all or part of the expense form for another individual must have and utilize the PTIN.
