What to put in TAX ID feild in the new company?
Does it mean PAN No. ??
Indian companies can add their GSTN in the Tax ID field. There is no fixed rule as what to add since the definition can change region to region. Some countries use TIN (Tax Identification Number) like USA or UAE.
You can add all additional details like PAN, TAN, Registration number, etc. in the Registration Details section below:
Yes, in ERPNext, the “TAX ID” field typically refers to the PAN (Permanent Account Number) of the company in India.
Use the following based on your entity type:
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Company PAN – if your entity is registered (like Pvt Ltd, LLP, etc.)
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Proprietor’s PAN – if your business is registered as a sole proprietorship
This PAN is used for taxation and compliance (TDS, GST, etc.), so enter the correct PAN allotted by the Income Tax Department. Seeking expert assistance is always advisable to avoid mistakes.