Thursday, 12 May 2016

An " Aadhar " for Corporate ?



How many types of  NUMBERS, do Indian Companies need to register and acquire , to do business ?


Writing in MINT ( 02 May 2016 ), Narayan Ramchandran quotes Manish Sabharwal , who has researched and listed the following :


#   Corporate Identity Number...........................................   ( 21 digits )

#   Tax-payer Identification Number for commercial taxes......  ( 11 digits )

#   Service Tax Number...... ( Alpha-Numeric ) ....................  (  15 digits )

#   Permanent Account Number - PAN  ( Alpha-Numeric )........ (  10 digits )

#   Central Excise Number..................................... ( PAN + 2 Characters )

#   Provident Fund Number .................( Alpha-Numeric )...... (  11 digits  )

#   Profession Tax Registration Certificate ( Numeric )...............  ( 9 digits )

#   Profession tax Enrollment Certificate    ( Numeric ).............    ( 9 digits )

#   Income tax Deduction/Calculation Number ( Alpha-Numeric ) ( 10 digits )

#   ESIC Number ( Numeric )................................................  ( 17 digits )

#   Labour Department Registration(State specific alphanumeric) (13 digits )

#   Importer-Exporter Code  ( Numeric )................................. ( 10 digits )

#   Shops/Establishment Reg Number ( alphanumeric )............  ( 20 digits )

#   Contract Labour Registration ( alphanumeric ).................. ( 15+ digits )

#   Labour Welfare Board ( Numeric ).....................................   ( 5 digits )

#   Higher Court Case Number ( Alphanumeric ).....................   ( 12 digits )



Now , CBDT and MCA are in the process of integrating their back-end operations , to provide ONE SIMPLE IDENTITY to companies, doing away with the above multiple numbers


Without doubt , this long overdue simplification will make it easy to do business in India


But , it seems , that each State will have unique number ( for each Company registered in its territory ), as far as GST is concerned


I hope , someday soon , an India Start-Up comes up with a digital solution ( pasting, a unique RFID sensor on the forehead of each child , at birth ? ) to get rid of all the CARDS , a person needs to acquire in a life-time , as mentioned in my following blog :

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Wednesday, 30 January 2013

Raining Cards ?

Some 70 years ago , I had only one card – the Ration Card

I was using it to buy , either wheat or bread or war-disposal biscuits from a Shivaji Park ration shop in Mumbai

Now I have,

*   Driving License Card

*   Senior Citizen Card

*   Voting Card

*   Credit Card

*   PAN Card

*   Aadhar Card ( UID )

Apart from sundry cards issued by private / commercial companies and NGOs

As if this was not enough , Central Government of India wants me to carry one more card !

National Population Register ( NPR ) is all set to issue,

 Resident Identity Card ( RIC )

It will contain demographic and biometric details of the owner and will be issued to 820 million adult Indians at a cost of Rs 5,552 Crores

I believe only those holding RIC will be entitled to receive subsidized food-grains under the Food Security Act

How about a card to replace all the above-mentioned cards ?

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www.hemenparekh.in / blogs

13  May  2016

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