Pan-based Registration

Observing that it would be difficult for anyone to evade taxes under the new framework, traders' body CAIT said that even the instances of under-invoicing will gradually wane as the tax department will have PAN-based registration and sale-purchase data of traders.

Observing that it would be difficult for anyone to evade taxes under the new framework, traders' body CAIT said that even the instances of under-invoicing will gradually wane as the tax department will have PAN-based registration and sale-purchase data of traders.