“We are moving toward adopting one of the government’s already-available databases as the entry point; most likely, that will be the PAN number. As a result, the PAN database already contains a lot of the fundamental information about the company, its directors, addresses, and other common information “Goyal made a statement.
There are already around 13 business IDs that can apply for government permissions using the EPFO number, ESIC number, GSTN, TIN, TAN, and PAN. Goyal stated that his ministry has already contacted the department of revenue on the issue and that the PAN number will aid in automatically populating other application forms received in the system to speed up approvals.
