PAN (PERMANENT ACCOUNT NUMBER)

Permanent Account Number (PAN) is a code that acts as identification for Indian nationals, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961. The PAN is mandatory for a majority of financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above...

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GST (Goods & Service Tax)

What Is GST ?  The Government of India is committed to replace almost all the indirect taxes levied on goods and services by the Centre and States and implement GST during any time before 2017. With GST, it is anticipated that the tax base will be comprehensive, as virtually all goods and services will be taxable, with minimum exemptions. GST will be a game changing reform for the Indian economy by creating a common Indian market...

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