
AICS
February 9, 2025 at 06:06 PM
*What is BIN in Export from India?*
BIN (Business Identification Number) is a unique identifier under GST for businesses involved in exports. It’s part of the 15-digit GSTIN and helps track exports, claim refunds, and ensure GST compliance.
*Key Points:*
1. *Purpose:* Tracks exports, ensures GST compliance, and simplifies refund claims.
2. *Structure:* First 2 digits = State code, next 10 = PAN, 13th = Entity code, 14th = "Z", 15th = Checksum.
3. *Usage:* Mention BIN (GSTIN) on shipping bills, invoices, etc., to claim Input Tax Credit (ITC) and refunds.
4. *Benefits:* Zero-rated supplies (no GST on exports), easy refunds, and export incentives.
*Steps for Exporters*
1. Register for GST to get GSTIN (includes BIN).
2. Mention BIN on shipping bills and invoices.
3. File refund claims for ITC on exports.
4. Report exports in GST returns (GSTR-1, GSTR-3B).
*AICS*
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