TAX INFORMATION NETWORK (TIN)

PROCEDURE FOR DEPOSITING TIN COLLECTIONS & REPORTING TO HO

DEPOSIT Daily Collection at the branch in cash, cheque or DD to be deposited in HDFC Bank, KDMSL account on daily basis through CMS Bank Name: HDFC BANK Account no: 00210340004676 CMS client Code: KDMSL CASH CHQUE/DD Deposit in HDFC Bank account using normal pay-in slip Deposit in HDFC bank using CMS Deposit slip only (FORMAT)

REPORTING REMITTANCE TO HO DEPOSIT THE AMOUNT IN HDFC BANK USING CMS FACILITY REPORT THE REMITTANCE MADE TO HO ON DAILY BASIS IN THE SPECIFIED FORMAT CLICK FOR FORMAT

MONTHLY REPORTS REPORTS TO BE SENT TO HO IN THE SPECIFIED FORMAT COLLECTION REPORT DEPOSIT DETAILS REPORT FREQUENCY FREQUENCY MONTHLY BASIS ON OR BEFORE 27TH OF EVERY MONTH MONTHLY BASIS ON OR BEFORE 27TH OF EVERY MONTH CLICK FOR FORMAT CLICK FOR FORMAT

CMS DEPOSIT SLIP

REMITTANCE REPORT FORMAT Sl. No. Bank Branch Location where deposited Date of Deposit Mode of remittance (Cash/Cheque) CMS Cheque No. Amount Remarks Slip No. (if any)  

COLLECTIONS AND DEPOSIT REPORT FORMATS

ACCOUNTING POLICY FOR TINFC

ACCOUNTING AT REGIONS/ BRANCHES STEP 1 Regional office will record the cash collection entry in respect of cash collected at region office as well as branch offices as given below. Both the accounts heads are Balance Sheet items. Cost center need to be created branch wise for Tin (cash) Collection a/c. Cash   10000 To Tin (Cash) collection a/c ( Being cash collected at Branch on date _____)

STEP - 2 At the time of deposit of cash in bank the region would pass the following entries. Tin (Cash) collection a/c   10000   To Cash ( Being cash deposit with _____ bank on dtd _______ vide CMS slip no. ____)

ACCOUNTING AT HO 2. Accounting of the total liability towards NSDL for uploads done during the month would be as follows. This would be passed on the basis of statement provided by TIN back office team. . 1. At the time of receipt of cash/ cheque in bank, HO will pass the following entries. These entries are based on bank statement. Provisional creditor- NSDL  10000   To NSDL account ( Being entry passed for amount collected on behalf of NSDL during the month of ___ as per the supporting attached) Bank   10000 To Provisional creditor- NSDL (Being cash received from _______ br. On dtd ______ )

CONTD…… 3. Revenue would be recognized on the basis of forms uploaded on the NSDL server and accounting would be as follows . 4. At the same time we would be realize our money from NSDL as the money is lying with us. Accounting treatment would be as follows . NSDL- Debtor a/c  4500   To Service tax payable 450 To Income from TIN 4050 ( being invoice raised on NSDL for the uploads done during the month of ________ vide invoice no. _____ dt. ______) NSDL A/c  4500   To NSDL- Debtor a/c (Being amount realized from NSDL towards invoice no. ______ dtd _______ )

CONTD…… 5. In respect of payment made to NSDL , entries would be as follows . 6. In respect of payment of service tax , following entries needs to be passed . NSDL a/c  5500   To Bank ( Being amount paid to NSDL towards outstanding for the week / month_____ as per document attached) Service tax payable  450   To Bank ( Being amount paid towards service tax liability for the month of __________ vide ch no._____ dt. ____) Note: Region has to coordinate with branches on daily basis for cash receipt and deposit information

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