The Central Board of Indirect Taxes and Customs (CBIC) has introduced new rules for obtaining a Temporary Identification Number (TIN) under the Goods and Services Tax (GST) framework. These changes are aimed at streamlining compliance for entities and individuals not registered under GST but required to undertake specific taxable transactions. The notification outlines the process for obtaining a TIN, which will be essential for fulfilling tax obligations on such transactions without requiring full GST registration.
Under the new provisions, entities can apply for a TIN through the GST portal by submitting basic details such as PAN, contact information, and the nature of the transaction. The TIN will be valid for a specific period and restricted to the stated purpose, ensuring that non-registered entities can fulfill one-time or occasional tax liabilities with ease. This move is expected to simplify the tax process for non-regular taxpayers while enhancing the government's ability to monitor and collect revenue from such transactions efficiently.
These changes reflect CBIC's ongoing efforts to improve the ease of doing business while maintaining robust compliance mechanisms. Businesses and individuals engaging in transactions that fall under this category are advised to familiarize themselves with the notification to avoid any non-compliance issues.
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