STILL , A LONG WAY TO GO !

A  Good  Beginning :  Make it  Better

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News papers , two days back, carried half page advts by DIPP

It ( partly ) reads :

“ A new simplified procedure for incorporating a Company through SPICe Form , facilitating allotment of PAN , TAN , Name Reservation as well as Director’s Identification Number ( DIN ) has made company incorporation easier “

On 12 May 2016 , I sent following email to the Cabinet Ministers :

An " Aadhar " for Corporate ?

https://myblogepage.blogspot.in/2016/05/an-aadhar-for-corporate.html

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 :

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#   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 )

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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 urge the readers to forward this suggestion to :

Eodb-dipp@nic.in

#reformindia

@EODB_India

30  April  2018

www.hemenparekh.in / blogs