Summary:

Prime Minister Narendra Modi's Cabinet Committee on Economic Affairs approved the PAN 2.0 Project with a financial outlay of US$ 170.3 million (Rs. 1,435 crore). Announced by Union Minister Ashwini Vaishnaw, the project will offer free updates to PAN cards with QR codes, reengineer taxpayer registration processes, and enhance the PAN/TAN ecosystem. This e-governance initiative aims to streamline operations and deliver a seamless digital experience.

Aligned with the 'Digital India' vision, PAN 2.0 provides faster, paperless, and cost-effective services through a unified online portal. It promotes environmentally friendly practices, infrastructure optimisation, and enhanced data security, ensuring consistent and accessible taxpayer information. The project strengthens grievance redressal mechanisms and data accuracy, serving as a common identifier across government entities, curbing tax evasion, and expanding the tax base. Existing PAN cards remain valid, with free QR code upgrades available.

Source: IBEF 

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