The announcement regarding PAN was made by Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday.
PTI
February 02, 2023 / 06:37 PM IST
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Usage of PAN (permanent account number) by companies as a common identifier for all digital systems of specified government agencies will help in expediting clearances and promote ease of doing business, a top official said on Thursday.
The announcement regarding PAN was made by Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday.
PAN is a 10-digit alphanumeric number allotted by the income tax department to a person, firm or entity.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain termed the decision as reformative and transformative.
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