HI,,
APCT e waybills – TIN Number – AP traders – Telangana State – APCT- The commercial taxes department of AP has already started online registration facility for traders to choose the place of business and to establish their business headquarters after June 2. On that process, new Taxpayer Identification Number (TIN) will be issued to traders based on which they have to pay monthly VAT to the respective governments.
The government of India allotted No.36 for the dealers with operations in Telangana for their new TIN and number 37 for the dealers of residuary State of Andhra Pradesh, according to senior officials of Commercial Taxes department. The first two digits in a TIN represent the geographical area code. For the combined State of Andhra Pradesh, the code is 28 and it is part of united AP’s TIN.
The new TINs will be made operational from the appointed day, June 2 and thus the dealers will have to apply for the new numbers for payment of taxes and to come under the purview of the respective assessing authority.
There is a little confusion among traders and businessmen in Telangana and Seemandhra regions over seeking “waybill” to transfer goods from Hyderabad to Seemandhra and vice-versa. Bifurcation of the state on June 2, the transfer of goods from Hyderabad to Seemandhra region and vice-versa will be treated as “inter-state” trade and it requires traders to obtain waybill from the commercial taxes department. Traders have to pay 2 per cent central sales tax (CST) for the purpose.
Hyderabad is the joint capital for both the states for 10 years only for administrative purposes and traders cannot be exempted from waybill for transfer of goods. with bifurcation, if traders operating from Hyderabad want to shift their base to Andhra Pradesh region, they need to set up a office in one of the locations there and obtain a fresh registration certificate (RC) from the commercial taxes department.
Since the capital for Seemandhra is yet to be decided, traders are confused where to set up their office.
Regards
Deepak Sharma
CAclubindia
