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Adjustment is a process to translate the economic activities in tax liability or tax impact. For registration or enlistment, you have to apply to the concerned commissioner in form VAT 2.1 for registration or enlistment. If limit of the annual turnover of my economic activities exceeds the prescribed limit, an application has to be submitted to the Commissioner in Form- VAT 2.1. After proper scrutiny and examination a Registration Certificate/ Turnover Tax Enlistment Certificate will be issued in my favour in Form- VAT 2.1 containing a BIN from the VAT system within three working days. Business Identification Number is the business identification number taken by an individual on the basis of turnover of his economic activities.
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