Cabinet Approves ₹1,435 Crore PAN 2.0 Project

Why in the news?

The PAN 2.0 Project, approved by the CCEA, modernizes taxpayer registration services with technology-driven processes, aligning with the Digital India vision for streamlined and efficient governance.

Overview:

  • The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the PAN 2.0 Project for the Income Tax Department.
  • The project involves a financial outlay of ₹1,435 crore.
  • It focuses on technology-driven improvements in taxpayer registration and related services.

Cabinet Approves ₹1,435 Crore PAN 2.0 Project

Key Features and Benefits:

  • Enhanced Service Delivery
    • Faster, easier access to PAN/TAN services with improved quality.
    • Consolidates core and non-core activities, streamlining processes.
  • Data Integration and Consistency
    • Provides a “Single Source of Truth” for taxpayer data.
    • Ensures data consistency across systems.
  • Sustainability and Efficiency
    • Adopts eco-friendly, cost-effective processes.
    • Incorporates secure infrastructure for improved agility.
  • Enhanced Digital Experience
    • Upgrades current PAN/TAN 1.0 systems for better user experience.
    • Integrates PAN validation services.

Alignment with Digital India Vision:

  • The PAN 2.0 Project is an e-Governance initiative aimed at modernizing taxpayer registration services.
  • Supports the government’s vision of Digital India by enabling PAN as a Common Identifier for digital systems across specified government agencies.
  • Promotes digital transformation in taxpayer services, enhancing efficiency and transparency in governance.

Sources Referred:

PIB, The Hindu, Indian Express, Hindustan Times