Claim Settlement Ratio of 99.23%~

Close Button Close Button
X
NRI Services Helpline

Calling FromPhone Number (Toll Free)
AUSTRALIA80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI8014605
INDONESIA0018030160202
JORDAN080023194
OMAN80074363
TURKEY00800142030059
VIETNAM1800400070
UNITED STATES18339680951
Calling us from INDIA18002097272
Rest of the World+912067871700
(Call charges apply)

What is a Taxpayer identification number?

TIN, or what is popularly called a Taxpayer Identification Number, is a unique number given to businesses and even individuals enrolled under the erstwhile regime of Value Added Tax or VAT. In fact, all business and individuals must have to mention their unique TIN on all transactions related to VAT.The same is crucial in the administration of value-added tax.¹ But what makes TIN important?.. Read More

 

 Who should have it? And what is the process of applying for the same? If you're also struggling with questions like these, then you're at the right place.

Continue reading to learn more about this taxpayer identification number, its importance, the application process, required documents, and much more.  . Read Less

Investment Plans
I agree and consent to the Terms & Conditions, Privacy Policy

Get Your Life Goals, Done!

Tailored Life Insurance Solutions for your long-term Life Goals.

Written ByShruti gujarathi
AboutShruti gujarathi
LinkedIn Icon
Shruti gujarathi has 5 years of experience in the BFSI sector, and as Manager- Digital Marketing at Bajaj Allianz Life Insurance, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years.
Reviewed ByRituraj Singh
AboutRituraj Singh
LinkedIn Icon
Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 25th March 2025
Modified on: 1st April 2025
Reading Time: 12 Mins
Share

Understanding TIN or Taxpayer identification number

1

Before going any further, let's first start with the basics. What is TIN? Well, TIN or taxpayer identification number is an 11-digit special code provided to all businesses and entities enrolled under the (erstwhile) regime of VAT.¹ The purpose behind the same is very simple. It comes in handy for tax authorities to track and monitor taxpayers. Thus, it proves to be quite beneficial in the overall administration of taxes.

 

It is mandatory for all businesses or entities engaged in trading goods and services to have their TIN.¹

 

The TIN format is unique for each state in India. The general format has a distinct state code in the beginning, followed by some letters and numbers.

 

Why do you need TIN?

1

Having your unique TIN was  quite important for all taxpayers registered under VAT. This TIN replaced the Central Sales Tax (CST) number or sales tax numbers and is now all the same thing.

 

Having a TIN facilitates the purchase and sale of goods and services at both levels: within the state and between different states. In addition to this, the TIN generated by the commercial tax department helps greatly in recording and tracking transactions of businesses under VAT. Therefore, creating a tax system that is accountable and transparent.

 

How do you apply for your taxpayer identification number?

¹

You can apply for your TIN online and offline.

 

The online procedure for the TIN application is not only super easy but also takes less time and effort. Here is how you may obtain your taxpayer identification number online.¹

  1. Consider visiting the official website of the state's commercial tax department or VAT portal.
  2. Now, complete the registration on the portal by duly filling in all the essential information about yourself.
  3. Once you're done providing the mandatory information, complete your form by adding the essential documents.
  4. Once you are done submitting your registration application, the state verifies your details and the overall form.
  5. In case of successful verification, the commercial tax department initiates a unique TIN for you.
  6. Now, the applicant may use their 11-digit taxpayer identification number to download their VAT certificate.
 

In addition to the online process, you can also get your TIN offline. Here is how you may do it.1

  1. Consider visiting the official website of the commercial tax department of the respective State.
  2. Now, consider downloading the registration application from the official website.
  3. Once you have the registration form yourself, fill in all the necessary details and complete the same with your signature.
  4. Further, make sure to attach all the essential documents with your signed form. Now, consider sending the same to your nearest facilitation point.
  5. Once you've submitted your form, the authorities will take some time to process and verify your registration form.
  6. Once your application is successfully verified, the commercial tax department will give you a unique TAN and your VAT certificate.
 

Essential documents for your TIN application

¹

As mentioned, your TIN or Taxpayer identification number is generated by the commercial tax department of the respective states. This means different states may ask for different documents to be attached to your TIN registration form. However, there are some general documents that you must keep in handy to ensure you fill your form smoothly and hassle-free.

 

Here is a list of such documents.1

  1. Your identity proof  

  2. Your proof of residence or address

  3. Proprietor’s PAN card

  4. Proprietor's passport-size pictures

  5. Some sort of security or reference documents

  6. Certificate of incorporation of the business entity.

  7. Memorandum of association and articles and association in the case of companies registered under the Companies Act.

While you upload these documents, it is important to make sure that all the documents are up-to-date and accurate.

 

Conclusion

Having TIN isn’t just a legal obligation for businesses; it's much more than that. The unique code ensures compliance with VAT, effective tax administration, helps you with your VAT returns, and improves your business’s transparency and credibility too. Once you understand the importance of your unique taxpayer identification number, you can easily obtain it online or offline. With a few easy online steps, you can easily download your unique TIN and VAT certificate.

 

FAQs

  1. Are TIN and PAN the same?

    No, TIN and PAN are not the same. TIN, or Taxpayer identification number, is an 11-digit unique code that is significant with VAT-related regulations. However, a PAN or Permanent account number is a 10-digit alphanumeric number issued to each taxpayer  which is also used to check on financial transactions that carry a taxable component..2

  2. Where can I find my TIN?

    In India, there are several ways to find your TIN or taxpayer identification number. One of the ways is to check   online portals provided by  tax authorities in various jurisdictions.3

Source:

  1. https://cleartax.in/s/tin-application-search
  2. https://www.indiafilings.com/learn/difference-between-tin-tan-vat-pan-dsc-and-din/
  3. https://www.angelone.in/knowledge-center/income-tax/tax-identification-number-tin

Life Insurance Guide -Tax Related Articles

Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Long term investment plans - What Are Their Benefits?

A suitable financial plan may be defined by its components. Amongst other things, one aspect, it may be incomplete without, is a steady amount of investment.

Read More
Disclaimers:
Plus Symbol
Minus Symbol

The views expressed in this article is not to be construed as professional advice and users are advised to seek independent professional/expert advice before making any decisions based on the same. Bajaj Allianz Life Insurance Company Ltd., Regd. office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN: U66010PN2001PLC015959, Call us on toll free No.: 1800 209 7272, Mail us: customercare@bajajallianz.co.in

BJAZ-WEB-ECNF-13294/25

X
Disclaimer

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

X
Disclaimer

%%Above illustration is for Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V03) considering Male aged 25 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,238. 2nd Year onwards premium is Rs. 6,659. Total Premium Paid is Rs. 1,99,349 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments (Lumpsum Payout Percentage : 45, Income Payout Percentage : 55) | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. This is inclusive of all the discounts mentioned above.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws
Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

X
Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116


close
Ask for an Agent
Sign up for personal visit and tailored advice from our expert agents