PAN Card Project PAN 2.0 project has been approved by the Central Government. Under which the PAN card system will be updated and the tax system will be made more transparent and convenient. Then let us know what new features have been added to it.
The Union Cabinet on November 26 had approved the PAN 2.0 project to make the PAN card a common identifier for businesses and a single source of true and consistent data. Under the PAN 2.0 project, PAN cards with QR codes will now be issued. The government will spend crores of rupees on this project. Once the PAN 2.0 project is implemented, the PAN card will become useless. The Central Government will issue new PAN cards with integrated QR Code feature to the citizens in line with Digital India.
The central government is to spend Rs 1435 crore on the Pan 2.0 project. Union Information and Broadcasting Minister Ashwini Vaishnav had said that PAN card is an important document of our life. It is important for all middle class and small businessmen. Under the PAN 2.0 project, the system will be completely upgraded and new PAN cards with QR code feature will be issued. PAN card will be digitalized under PAN 2.0 project.
After this project is implemented, your Junoon PAN card will not become invalid. Union Minister Ashwini Vaishnav had clarified that your existing PAN card number will not change. Of course, you will have to undergo the upgrade process, after which you will get a new PAN card with QR code feature. Union Minister Ashwini Vaishna had clarified that PAN card upgradation will be free of cost and will be delivered to you. In simple words, it means that no charge will have to be paid for the new PAN card under the PAN 2.0 project.
There are currently 78 crore PAN holders in India, all of them will have to upgrade their PAN cards. For existing PAN holders, PAN number will remain the same, only PAN card upgrade will be required.
- Benefits and convenience
Pan 0 project will provide good facilities to taxpayers and businessmen
The process of tax return filing and money transactions will be faster.
Fake PAN cards will be banned. PAN card will stop financial irregularities and scams
A single ID will be created for all government services. In future, your PAN card will work as a universal ID for all types of financial services.
Tax collection will become more transparent through PAN 0 project and tax evasion will stop.
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