The PAN 2.0 Project aims to upgrade the current system, digitize the taxpayer registration system, and establish PAN as a shared identity.
On Monday, November 25, 2024, Prime Minister Narendra Modi’s Cabinet Committee on Economic Affairs (CCEA) declared that the Income Tax Department’s had been approved.
An e-Government initiative called PAN 2.0 aims to digitize the taxpayer registration system (Digital PAN/TAN services).
ernment’s official press release, the project will cost ₹1,435 crore in total.
Speaking about the specifics of the Pan 2.0 project, Union Minister Ashwini Vaishnaw stated, “PAN cards are an essential part of our lives that are crucial for small businesses and the middle class. They have been greatly upgraded, and PAN 2.0 was approved today.” “The digital backbone will be introduced in a new manner, and the current system will be upgraded.”
Top 4 benefits of the PAN 2.0 Project
i) Ease of access and speedy service delivery with improved quality
ii) Single Source of Truth and data consistency
iii) Eco-friendly processes and cost optimization
iv) Security and optimization of infrastructure for greater agility
