NATIONAL : The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister  Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department. 

According to an official statement, The financial implications for the PAN 2.0 Project will Rs.1435 crore.

The PAN 2.0 Project enables technology driven transformation of Taxpayer registration services and has significant benefits including:

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; and

iv.           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 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 Common Identifier for all digital systems of specified government agencies.

Currently, PAN-related services are spread across three different platforms: the e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal. With the implementation of PAN 2.0, all these services will be integrated into a single, unified portal. This one-stop platform will handle comprehensively issues/matters related to PAN and TAN, including application, updates, corrections, Aadhaar-PAN linking, re-issuance requests, and even online PAN validation. By doing so, the Income Tax Department endeavours to simplify processes, eliminate delays, and improve grievance redressal mechanisms.