Dr. Patra: Single PAN GST Registration Crucial for Small Business Growth

• Dr. Sasmit Patra advocates for the next phase of GST reform, focusing on simplifying compliance for small sellers.
• Proposes a single PAN-based GST registration, allowing sellers to register in their 'Principal' place and file a single return for nationwide transactions.
• Highlights India's robust GST technology infrastructure (e-invoicing, Aadhaar, PAN validation) as a key enabler for digital verification and monitoring.
• Suggests complementary reforms: streamlining credit utilization (ITC, IGST, CGST), embracing digital transformation (paperless B2C, centralized books), and improving audit efficiency (centralized, AI-driven).
• Aims to reduce compliance costs, free up working capital, and boost economic participation, aligning with the 'One Nation, One Tax' vision.

Why It Matters: Single PAN GST registration and digital reforms are vital to simplify compliance and empower small businesses.