Two Years in the
Making ?
---------------------------------
Economic Times ( 09 Feb ) carries following news
:
The government has been
in discussions to turn the Permanent Account Number (PAN) into the enterprise
unique ID, a feature which was announced by finance minister Arun Jaitley while
presenting the Union Budget.
Though the idea was first mooted a couple of
years ago, the recent discussions
suggest that among the plethora of IDs
which are held by enterprises, making PAN the unique ID will be the most conducive option. This will
mean that even the non-tax paying entities such as not-for profits, trusts or
societies will have to now apply for a PAN number. It has also been suggested
that this PAN number or the
unique identity can be linked with the Aadhaar number at the backend.
There are over 30 crore
PAN numbers in the country and around 15 crore have already been linked to
Aadhaar as per government estimates.
Sachin Seth,
Partner-Advisory Services, EY India told ET that most of the corporates today don't
have a single identity and there is a multiple ID system because the corporate landscape has
evolved in the country over many years.
"If Aadhaar can
really get stabilised as national identity like in US, then it can knock off
DIN ( Director Identification
Number )," the official
said, adding that the option of PAN replacing the Company Identification Number ( CIN ) has to be seen.
======================================================
Even though it has taken 2 years , I hope
the final outcome will ensure merger of those 16 Alpha-Neumeric Numbers that an Indian Company is
today required to obtain ( from
as many number of government departments / agencies ) , as listed in my
following 2 YEAR old blog ( sent as email to NDA Ministers
) :
An
" Aadhar " for Corporate ? [ 12 May 2016 ]
09 Feb 2018
www.hemenparekh.in
/ blogs
No comments:
Post a Comment