MCQ IN COMPUTER SCIENCE & ENGINEERING

Detailed explanation-1: -GST registration number incorporates PAN details, which deals with direct taxes. For the time being, the GST Act won’t allow any taxpayer to avail two GST numbers against a single PAN card if the trading of non-exempted goods and services is limited to a single state or union territory.

Detailed explanation-2: -PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is. issued in the form of a laminated plastic card as given below (commonly known as PAN card): Permanent Account Number (PAN)

Detailed explanation-3: -82 dated 21.06. 2013 which stated that “the person who has been allotted PAN earlier in time will be the actual owner of that PAN arid the same will be retained by him and the person who has been inadvertently allotted the same PAN later in time, will have to obtain a new PAN by surrendering his wrongly allotted PAN”.

Detailed explanation-4: -Hence, when a business entity wants to take multiple registrations using the same PAN, it may not be an easy task and would be allowed only when there is the proper and applicable reason for the availing of such registration.