PAN verification is not merely a bureaucratic formality but a vital component of responsible car sales. From upholding financial integrity to ensuring tax compliance and preventing identity theft, its significance cannot be overstated.
INFOMAN eDMS launches PAN Verification with following benefits –
Instant verification – INFOMAN eDMS now provides instant verification of customer’s PAN during Booking and Invoicing of car sale.
Eliminate penalty from Income Tax Department – INFOMAN applies automatic computation of 5% TCS if PAN is not valid or is not linked with Aadhaar, else 1% TCS is computed. Dealers don’t have to pay the extra TCS as penalty from their end as the system always computes the correct applicable TCS.
No Billing without verification of PAN.
By embracing PAN verification as a standard practice, dealerships can uphold transparency, mitigate risks, and foster trust among buyers and sellers alike.
Contact our expert for a FREE Demo.
Mr Sanjay Koul , Sanjay.Koul@acsinfotech.com, 9312400307.