Union Cabinet Okays The PAN 2.0 Project

New Delhi, November 26 (TNA) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Income Tax Department’s PAN 2.0 Project. The financial implications for the PAN 2.0 Project will be Rs.1435 crore.

The PAN 2.0 Project enables the technology-driven transformation of Taxpayer registration services and has significant benefits, including ease of access and speedy service delivery with improved quality, single Source of Truth and data consistency, eco-friendly processes and cost optimization and security and optimization of infrastructure for greater agility.

PAN 2.0 Project is an e-Governance project for re-engineering the business processes of taxpayer registration services through technology-driven transformation of PAN/TAN services for an enhanced digital experience of the taxpayers. This will be an upgrade of the current PAN/TAN 1.0 eco-system consolidating the core and non-core PAN/TAN activities as well as PAN validation service.

The PAN 2.0 Project resonates with the vision of the Government enshrined in Digital India by enabling the use of PAN as a Common Identifier for all digital systems of specified government agencies.