VAT: T, AP Allotted Separate TINs

Express News Service


Hyderabad: Telangana and the residuary state of Andhra Pradesh have got two separate VAT TIN numbers for commercial taxes purpose. The Telangana TIN number is 36 and AP's is 37.
The Trade Identification Number (TIN) of the combined Andhra Pradesh is 38 which is now cancelled. The new TIN numbers will come into effect on June 2 and there will be no problem in paying taxes right from day one of the formation of Telangana.
After Telangana is formed, the state government will identify a lead bank for the new state. Now, the lead bank for the combined state is Andhra Bank which will continue to be the lead bank for the residuary state of Andhra Pradesh.
Meanwhile, the process of opening two separate consolidated funds for Telangana and Andhra Pradesh is in progress with the Reserve Bank of India (RBI).
Finance department officials are making all arrangements to make a demonstration of various financial activities in the two separate states by the end of this month. The officers will be allocated dummy code numbers and they will run a trial on how the software is working. This is to see that there will be no problem after June 2.
The Pratyusha Sinha Committee, which will allocate All India Service officers between AP and Telangana, will meet in Delhi on April 15. The IAS officers associations are going to Delhi to represent their cases to the committee.