The PAN 2.0 is simply a e-governance task for re-engineering the concern processes of payer registration services done translation of PAN/TAN services, the connection said.
AN UPGRADE of existing Permanent Account Number (PAN) with an further diagnostic of QR codification connected the cards on with a connection to marque PAN “the communal identifier for businesses” was approved by the Union Cabinet connected Monday.
The Cabinet approved the PAN 2.0 Project of the Income Tax Department, with a outgo of Rs 1,435 crore, nether which the existing strategy volition beryllium upgraded completely, the integer backbone volition beryllium revamped and PAN volition beryllium made arsenic a communal concern identifier for each integer systems of specified authorities agencies, Information and Broadcasting Minister Ashwini Vaishnaw said during the Cabinet briefing.
The upgrade for existing PAN holders volition beryllium escaped of cost.
The PAN 2.0 task volition alteration technology-driven translation of payer registration services with an purpose to amended easiness of entree and work delivery, an authoritative connection said. The PAN 2.0 task proposes to marque PAN arsenic the “single root of information and information consistency” and with information and optimisation of infrastructure for greater agility, a connection said.
“The caller PAN cards volition beryllium QR codification enabled. The existing ones tin regenerate the aged PAN paper to the QR code-enabled ones,” a elder Finance Ministry authoritative told The Indian Express.
Around 78 crore PAN cards person been issued truthful far, retired of which 98 per cent beryllium to individuals.
Vaishnaw said determination person been demands by businesses to not person antithetic recognition numbers and thus, the caller PAN volition enactment arsenic a communal concern identifier. There volition beryllium a unified portal arsenic the existing bundle is astir 15-20 years old, helium said. “It’ll beryllium wholly paperless, online and a batch of absorption volition beryllium connected the grievance redressal system,” helium said.
The PAN 2.0 is simply a e-governance task for re-engineering the concern processes of payer registration services done translation of PAN/TAN services, the connection said.