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
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