AICS
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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