Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday 3 November 2017

Aadhar Type Identity for Businesses ?



Times of India ( 18 Sept ) carried following news report :




Govt plans to make PAN , the biz Aadhar for Cos , NGOs “


“ The ministry had discussed various options including development of an Aadhar type identity for businesses, an idea which was also discussed with the Information Technology Ministry . But it has now opted for PAN .


A few years ago , the government had decided to treat PAN as the unique identification number for businesses , instead of generating multiple numbers for Provident Fund, tax and labour-law related compliances “


=======================================================


Read this with the following that Shri Amitabh Kant ( CEO – NITI Aayog ) wrote in Times of India ( 02 Nov ) :





How to Break Into The Top 50


What does India need to do improve its position in these parameters and break into the top 50 in the next two years? 


Despite important reforms in starting a business India continues to be ranked poorly because other countries have reformed faster.


India's rank can benefit from further integrating registration processes into a single form by converging GST with PAN-TAN registration, integrating EPFO and ESIC and also shops and establishment registration processes.


It also needs business process re-engineering to reduce the propensity to inspect by switching to real time registration and a culture of risk-based verifications


This requires cutting layers of bureaucracy .

 



I have no doubt that , India can “ break into the TOP 50 “ , if businesses do not need to register repeatedly and obtain umpteen REGISTRATION  NUMBERS , listed in my following blog



Tuesday, 11 July 2017


GSTIN on Sign Boards ? How about other 16 ?


Business Line ( 11 July ) carries following report :




Businesses must display GSTIN on sign boards



Traders and businesses will have to display the GST registration number on their business sign boards and the registration certificate in their premises.


 “Every taxable person is required to display his GSTIN number on name board or sign board of business and is also required to display his registration certificate in business premises so that a citizen can easily find out whether a person is registered or not,” a tax official said.


The Goods and Services Taxpayer Identification Number (GSTIN) is a 15-digit number which taxpayers get after registering with the GST network portal.



Just wait till those other concerned “ Government Authorities “ enact laws that require you to display on your business sign board , following numbers as well !


#   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 )


Dear Shri  Jaitleyji :

I urge you to consider :

An Aadhar  for  Corpotates  (  12  May  2016  )



03  Nov  2017


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