PAN Number Misuse: PAN card (PAN) has become necessary in all financial transactions. From ID proof to opening a bank account, filing income tax returns and making investments, having a PAN number has become necessary. Without PAN card, you cannot even establish a new company. Because, PAN card is mandatory for GST registration.
Misuse of this very important document has also increased. Using which financial scams are being carried out. Especially big financial transactions are being done by creating fake comp.es by stealing PAN numbers. This scam has made it important to know whether your PAN card is safe or not.
Fake company was formed with the help of PAN without information
Presently residing in Gwalior, Madhya Pradesh, without the knowledge of Chandan, his PAN number was misused and a fake company was set up. In which Rs. Financial transactions worth more than Rs 9 crore also took place. When Chandan went to file ITR, he came to know that GST number had been taken on his PAN card.
Check the security of your PAN card like this
You can easily get information about whether your PAN card is safe or not, sitting at home. For this you need to visit the official website www.gst.gov.in You will have to go to and submit your PAN number. So you can get the information whether GSTN number has been taken in your name or not.
18 people arrested with PAN data of 6 lakh people
Last year, Noida Police had also busted the scam of starting fake comp.es by obtaining GSTN number with the help of PAN card. Noida Police has arrested 18 people in this case. Who had PAN data of more than 6 lakh people. Out of which he got more than 3 thousand GST registrations and started fake comp.es.
