Tax Information Exchange System (TINXSYS)
is a centralized exchange of all interstate dealers spread
across the various States and Union territories of India. TINXSYS
is an exchange authored by the Empowered Committee of State Finance Ministers
(EC) as a repository of interstate transactions taking place among various
States and Union Territories. TINXSYS will
help the Commercial Tax Departments of various States and Union Territories to
effectively monitor the interstate trade.
TINXSYS can be used by any dealer to verify the
counter party interstate dealer in any other State. Apart from dealer
verification Commercial Tax Department officials will use TINXSYS
for verification of central Statutory Forms issued by other State Commercial
Tax Departments and submitted to them by the dealers in support of claim for
concessions. TINXSYS will also provide MIS and Business
Intelligence Reports to the Commercial Tax Departments to monitor interstate
trade movements and will enable EC to monitor the trends in interstate trade.
TINXSYS will be used as an effective centralized
tool for verification and monitoring of interstate trade in post VAT scenario.