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India introduces Temporary Identification Number to help small businesses make tax payments without full GST registration.
The Central Board of Indirect Taxes and Customs has introduced a Temporary Identification Number (TIN) for businesses not required to register under the Goods and Services Tax (GST) Act but need to make tax payments.
This move aims to ease compliance for smaller businesses below the GST registration threshold of ₹40 lakh for manufacturing and ₹20 lakh for services.
The TIN allows these businesses to make necessary tax payments without full GST registration.
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India introduce Número de Identificación Temporal para ayudar a las pequeñas empresas a hacer pagos de impuestos sin el registro completo de GST.