TIN requirement: banks should not insist on TIN before opening current accounts; registration follows bank details. The Department requires dealers to provide main bank account details in Form DVAT-04 and issues Registration Number/TIN only after those bank details are submitted; banks should not insist on TIN as a precondition for opening current accounts because RBI KYC norms do not mandate TIN. Dealers below the registration threshold who transact only within Delhi are not required to register and may open current accounts despite not having a TIN.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TIN requirement: banks should not insist on TIN before opening current accounts; registration follows bank details.
The Department requires dealers to provide main bank account details in Form DVAT-04 and issues Registration Number/TIN only after those bank details are submitted; banks should not insist on TIN as a precondition for opening current accounts because RBI KYC norms do not mandate TIN. Dealers below the registration threshold who transact only within Delhi are not required to register and may open current accounts despite not having a TIN.
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