1. TAX INFORMATION NETWORK (TIN)

2. PROCEDURE FOR DEPOSITING TIN COLLECTIONS & REPORTING TO HO

3. 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:
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)

4. 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

5. 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

6. CMS DEPOSIT SLIP

7. 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)

8. COLLECTIONS AND DEPOSIT REPORT FORMATS

9. ACCOUNTING POLICY FOR TINFC

10. 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 _____)

11. 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. ____)

12. 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 ______ )

13. 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 _______ )

14. 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

15. THANK YOU