PAN 2.0 Project: The aim of this decision of the government is to make PAN the main identifier in all digital systems of government agencies.
PAN 2.0 Project: Cabinet Decision
The PAN Card issued for identification of taxpayers will now be provided with a QR Code so that the digital experience of taxpayers can be improved. The Cabinet Committee on Economic Affairs (CCEA) led by Prime Minister Narendra Modi has approved the launch of the PAN 2.0 project. The objective of this decision is to use PAN as a main identifier in all digital systems of government agencies. The government will spend a total of ₹1435 crore on this project.
PAN 2.0 Project: PAN will be available for free with QR Code
The PAN 2.0 project will help bring major changes in the registration services of taxpayers through technology. Taxpayers will get many benefits from this, such as:
Easy access to services,
Speedy service delivery,
Improvement in quality,
All information available at one place,
Data security,
And cost reduction due to eco-friendly process.
PAN will be used as a common identifier in the digital systems of government agencies, which also matches the vision of Digital India. Information and Broadcasting Minister Ashwini Vaishnav said that under the PAN 2.0 project, new PAN cards with QR code will be issued to taxpayers without any cost.
PAN 2.0 Project: 78 crore PANs have been issued so far
PAN 2.0 project is an e-governance initiative that will redesign the business process of registration services for taxpayers through technology-driven transformation. It will provide an enhanced digital experience for taxpayers. According to the Government statement, it will be an advanced version of the existing PAN/TAN 1.0 framework that will integrate PAN verification service with core and non-core PAN/TAN activities. So far, approximately 78 crore PANs have been issued in the country, out of which 98% PANs have been issued at the individual level.
PAN number is a 10-digit alphanumeric identity card issued by the Income Tax Department. This card is given to those people who apply for a PAN card. Through the PAN number, Income Tax keeps an eye on any person’s online or financial transactions. Also, PAN card is the most important identification card for all types of financial transactions in the country, just like Voter ID is for voting.
