Neutral impactEconomy
CBIC weighs centralised GST registration under one PAN
Economic Times 12 hrs ago·20 Jul 2026, 6:39 pm
The Central Board of Indirect Taxes and Customs (CBIC) is exploring a major overhaul of the Goods and Services Tax (GST) system. The proposal involves moving towards a centralised registration model, where a single Goods and Services Tax Identification Number (GSTIN) issued under one Permanent Account Number (PAN) could cover a business's operations across all states.
This shift is being considered to address a long-standing issue where companies currently face fragmented administration. They must deal with multiple state tax authorities for separate registrations, which can be complex and time-consuming. A unified system would simplify compliance and reduce the administrative burden for large, multi-state enterprises.
Investors should monitor the government's progress on this proposal. If implemented, it could streamline business operations and improve efficiency for major corporations. However, the timeline for this change remains uncertain, and it is unclear how it will impact smaller businesses or state revenue collection in the interim.
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