In 2016 , I sent following e-mail to Cabinet Ministers :
Ø An
" Aadhar " for Corporate ? ……………………..
12 May 2016
Extract :
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 :
Ø Raining
Cards ? .. ……………………………..30 Jan 2013
Is this news , the END of
that wait ?
Union
Cabinet: PAN 2.0 to be common business identifier ………… Business Line ……..
25 Nov 2024
Extract :
Permanent Account Number (PAN) will now be a common business identifier.
The Cabinet Committee on Economic Affairs (CCEA), on Monday, approved an
over ₹1,400-crore project titled PAN
2.0, which will subsume
multiple identification numbers into one with assurance of data safety.
“PAN, TAN (Tax Deduction and Collection Account Number), TIN (Taxpayer Identification
Number) etc will be
subsumed into one,” Information and Broadcasting Minister, Ashwini
Vaishnaw, said.
PAN is alpha-numeric based 10-character financial identity. So
far, 78 crore PAN have been issued, out of which 98 per cent has been issued to
individuals.
Under the new project, the existing system
will be upgraded. It will become Common Business identifier for all business-related activities in specified
sectors.
There will be a unified portal. Cyber security measures will
be robust and PAN Data
Vault system mandatory for all entities
using PAN data. This means “data submitted by a user with
bank or any other agency will need to be kept in a data vault to ensure
safety,” the minister said.
There
will no need to apply for fresh card under the new system. QR-based new card will be issued free of cost, he said.
With regards,
Hemen Parekh
www.HemenParekh.ai / 26
Nov 2024
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