Reg tin no

This query is : Resolved

Tajinder (Querist)
Follow

12 February 2017 dealing in tax paid and tax free items for sale is there any requirment to obtain Tin no clarify plz,also about turnover tax

Ram

Ram (Expert)
Follow

12 February 2017 Which state dealer?

Tajinder

Tajinder (Querist)
Follow

16 February 2017 sir punjab state

Tajinder

Tajinder (Querist)
Follow

16 February 2017 sir punjab state

Tajinder

Tajinder (Querist)
Follow

16 February 2017 sir punjab state

Tajinder

Tajinder (Querist)
Follow

16 February 2017 sir punjab state

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

20 July 2025 For Punjab state:

TIN Number Requirement:
If you are a dealer in goods, whether tax-paid or tax-free, and your turnover exceeds the threshold limit prescribed under Punjab VAT laws, you are required to register and obtain a TIN (Taxpayer Identification Number).
The threshold limit usually is Rs. 5 lakhs or as notified by the state government.
Even if you deal partly in tax-free goods, you may still require registration if turnover crosses threshold.
Turnover Tax:
Punjab VAT Act provides for turnover tax on dealers who do not maintain proper accounts.
Also, turnover tax can be applicable to dealers trading in specified goods or falling under certain categories.
It’s a simpler way of tax for small dealers and may attract a fixed rate on gross turnover instead of detailed VAT calculation.
Summary:

Yes, if your turnover (tax-paid + tax-free goods) exceeds the threshold, you need to get TIN registration in Punjab.
Turnover tax may be applicable depending on your business category and accounts maintenance.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now