Nov 26, 2024 12:11 PM IST
The PAN 2.0 Undertaking is for digitizing the taxpayer registration system, upgrading the present system, and making PAN as a typical identifier
The Cupboard Committee on Financial Affairs (CCEA), chaired by Prime Minister Narendra Modi introduced its approval of the PAN 2.0 Undertaking of the Revenue Tax Division on Monday, November 25, 2024.
The PAN 2.0 Undertaking is an e-Governance venture for digitizing the taxpayer registration system (Digital PAN/TAN providers).(Representational Picture)
The PAN 2.0 Undertaking is an e-Governance venture for digitizing the taxpayer registration system (Digital PAN/TAN providers).
The federal government will likely be spending a complete of ₹1,435 crore for the venture, in keeping with its official press assertion.
The venture additionally goals to improve the present PAN/TAN 1.0 eco-system by consolidating the core and non-core PAN/TAN actions in addition to the PAN validation service.
The federal government additionally goals to allow using PAN as a typical identifier for all digital methods of specified authorities businesses.
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“PAN card is part of our life which is important for the middle class and small business, it has been highly upgraded and PAN 2.0 has been approved today,” said Union Minister Ashwini Vaishnaw, talking about the details of the Pan 2.0 project. “The existing system will be upgraded and the digital backbone will be brought in a new way.”
He additionally highlighted that the federal government goals to give attention to the grievance redressal system, to cater to the queries and the wants of residents.
High 4 advantages of the PAN 2.0 Undertaking
i) Ease of entry and speedy service supply with improved high quality
ii) Single Supply of Reality and information consistency
iii) Eco-friendly processes and price optimization
iv) Safety and optimization of infrastructure for better agility
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