Big initiative of CBIC: Institutions for which GST registration is not necessary will also get temporary tin

New Delhi| Business entities that are not required to do GST registration but are required to pay tax under certain specific provisions can now obtain a Temporary Identification Number (TIN). The Central Board of Indirect Taxes and Customs (CBIC) has notified amendments in GST rules for this. Registration is mandatory under GST rules for businesses with annual turnover of Rs 40 lakh and Rs 20 lakh in manufacturing and service sector respectively.

The Board introduced Rule 16 a in the Central GST Act, stating, Where a person is not liable for registration under the provision but tax payment is warranted, the appropriate officer may give that person a temporary identification number. Last month, the GST Council had decided to issue TINs to such institutions. This will ensure smooth tax payment. The compliance burden will be reduced for those who are not regularly involved in taxable activities.