HomeNewsBusinessEconomyPiyush Goyal calls for single ID for individuals and businesses combining Aadhaar, PAN

Piyush Goyal calls for single ID for individuals and businesses combining Aadhaar, PAN

The Commerce and Industry Minister said more than 25,000 compliances have been reduced by centre so far. But now, the time has arisen to 'think big' and make major reforms to reduce compliance further, he added.

December 22, 2021 / 19:50 IST
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Commerce and Industry Minister Piyush Goyal (File Image)
Commerce and Industry Minister Piyush Goyal (File Image)

Commerce and Industry Minister Piyush Goyal has called for the creation of a single identification number for businesses and individuals by merging the several identification numbers that exist presently, such as Aadhaar, Permanent Account Number (PAN), and Tax Deduction and Collection Account Number (TAN), so that delivery of services becomes smoother and faster.

Speaking at the ‘National Workshop on the next phase of reforms to reduce Compliance Burden’ on December 22, Goyal said the government is now on the threshold of being able to make such big reforms that may reduce compliance burden significantly.

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Case in point, Goyal stressed that more than 25,000 compliances have been reduced so far by the government through all the previous exercises implemented by the Centre to achieve ease of doing business.

The single identification number for individuals and businesses have been suggested earlier by policymakers but the idea had struggled to develop beyond initial discussions after it found little enthusiasm among businesses.